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 2007
Metropolitan Outlook 1: Economic Insights into 27 Canadian Metropolitan Economies: Winter 2007
Urban City Economic Analysis
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- Supported by a sound services sector in 2007, real GDP in Halifax is forecast to grow by 2.8 per cent.
- Weakness in the housing market will lead Québec City’s economic growth to slow to 2.5 per cent in 2007.
- Stronger growth in the services sector will help Montréal’s economy expand by 2.5 per cent in 2007.
- Economic growth in Ottawa–Gatineau is expected to stay a fairly stable in 2007, at 2.5 per cent.
- Toronto’s real GDP growth will be 2.9 per cent in 2007, but better results are expected over the medium term.
- Hamilton’s economy will grow by 2.3 per cent in 2007, as manufacturing output gradually recovers.
- Strong non-residential construction will help Winnipeg’s economy grow by 2.9 per cent in 2007.
- Economic growth of 2.4 per cent in Regina in 2007 will allow employment growth to resume.
- Saskatoon’s real GDP growth is set to decelerate to 2.9 per cent in 2007 because of weaker services sector growth.
- Robust energy and construction output will fuel real GDP growth of 3.9 per cent in Calgary in 2007.
- Edmonton’s growth will ease to a still-robust 3.6 per cent in 2007, lifted by construction and manufacturing.
- Real GDP growth of 3.1 per cent in Vancouver will lead to a healthy 3.4 per cent increase in jobs in 2007.
- After three strong years, Victoria’s economic output will slow to 2.1 per cent in 2007.
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