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 2008
Metropolitan Outlook 1: Economic Insights into 27 Canadian Metropolitan Economies: Autumn 2008
Urban City Economic Analysis
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- Generally broad-based growth will allow Halifax’s economy to expand by 2.4 per cent in 2008.
- Québec City’s GDP growth will ease to 2.3 per cent in 2008, despite healthy tourism for the 400th anniversary.
- Ongoing weakness in manufacturing will drag down Montréal’s economy to 1.7 per cent growth this year.
- Weakness in Ottawa–Gatineau’s high-tech manufacturing sector will limit GDP growth to 1.8 per cent in 2008.
- With manufacturing output dropping, Toronto’s overall economy will post growth of just 1.3 per cent this year.
- The manufacturing downtown will result in Hamilton’s real GDP edging up by only 0.3 per cent in 2008.
- Winnipeg’s resilient manufacturing sector and solid domestic demand will help lift GDP by 3.3 per cent in 2008.
- Regina’s GDP will expand 4.1 per cent this year, benefitting from the wider economic boom in Saskatchewan.
- Potash and oil demand will fuel 5.2 per cent GDP growth in 2008 in Saskatoon, a key regional services centre.
- Calgary’s economy will grow by 3.2 per cent in 2008, thanks to strength in the energy-related services sector.
- Robust services sector gains will allow Edmonton’s economy to grow by 3.1 per cent this year.
- Vancouver’s GDP growth will ease for the third straight year in 2008, with a gain of 2.7 per cent forecast.
- Solid non-residential construction will help propel economic growth to 3.3 per cent this year in Victoria.
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