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: Winter 2006
Metropolitan Outlook 1: Economic Insights into 27 Canadian Metropolitan Economies: Winter 2006
Urban City Economic Analysis
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- A recovery in the goods sector is expected to lift real GDP growth in Halifax to 2.9 per cent in 2006.
- Cooling manufacturing and construction activity will slow real GDP growth in Québec City to 2.7 per cent.
- The end of Montréal’s manufacturing slump will allow real GDP growth to reach 2.9 per cent in 2006.
- A rebound in construction is expected to lift real GDP growth in Ottawa–Gatineau to 2.9 per cent in 2006.
- Toronto’s economy is forecast to grow by 3.7 per cent in 2006, thanks to improving manufacturing activity.
- Strengthening demand for steel will allow economic activity in the Hamilton CMA to accelerate in 2006.
- After a solid performance in 2005, Winnipeg’s economy is forecast to increase by another 2.3 per cent in 2006.
- Following robust growth in 2004 and 2005, Regina’s economy is forecast to grow by a modest 2 per cent in 2006.
- Sound economic growth is expected to continue in Saskatoon, with real GDP growth of 2.9 per cent in 2006.
- Economic activity in Calgary is expected to be solid yet again in 2006, with real GDP increasing by 3.8 per cent.
- On the heels of a 5.2 per cent gain in 2005, Edmonton’s real GDP growth is set to moderate to 3 per cent in 2006.
- Another strong year is expected in Vancouver’s construction sector, fuelling economic growth of 4 per cent.
- Supported by strong job creation in 2005, retail sales in Victoria will propel real GDP growth to 2.1 per cent in 2006.
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