This publication focuses on the metropolitan economies of Halifax, Quebec City, Montreal, Ottawa-Gatineau, Toronto, Hamilton, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver, and Victoria.
Metropolitan Outlook 1: Economic Insights into 27 Canadian Metropolitan Economies: Autumn 2006
Metropolitan Outlook 1: Economic Insights into 27 Canadian Metropolitan Economies: Autumn 2006
Urban City Economic Analysis
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- Halifax’s services sector is expected to drive economic growth this year and next, as the goods sector struggles.
- The healthy state of the manufacturing sector will allow Québec City’s GDP growth to reach 3.7 per cent in 2006.
- Montréal’s manufacturing sector is dampening overall GDP growth, which is set to be 1.9 per cent this year.
- Ottawa–Gatineau’s economy will get a boost next year as work ramps up on the city’s light rail project.
- Toronto’s real GDP growth is forecast to accelerate from 3 per cent in 2006 to 3.4 per cent in 2007.
- A pickup in manufacturing will allow Hamilton’s economy to accelerate through the rest of this year and in 2007.
- Healthy GDP growth in Winnipeg is due to a rebound in manufacturing and strength in non-residential investment.
- Weaker consumer spending will limit Regina’s real GDP growth to 2.3 per cent in 2006.
- Thriving due to strong world demand for minerals, Saskatoon’s real GDP will increase by 3.8 per cent in 2006.
- Coming off a sensational result last year, Calgary’s economy is set to increase by a further 6.6 per cent in 2006.
- Strength in construction and services industries will propel Edmonton’s GDP growth to 5.9 per cent this year.
- Construction activity is still healthy in Vancouver, fuelling economic growth of 3.5 per cent this year.
- Economic activity in the Victoria CMA remains sound in 2006, on top of solid gains made in the past two years.
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