This publication focuses on the metropolitan economies of St. John’s, Saint John, Saguenay, Trois-Rivières, Sherbrooke, Kingston, Oshawa, St. Catharines–Niagara, Kitchener, London, Windsor, Greater Sudbury, Thunder Bay, and Abbotsford.
Metropolitan Outlook 2: Economic Insights into 14 Canadian Metropolitan Economies: Summer 2009
Metropolitan Outlook 2: Economic Insights into 14 Canadian Metropolitan Economies: Summer 2009
Urban City Economic Analysis
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- Lower oil production and the global recession will slash GDP in St. John’s by 3.6 per cent this year.
- Saint John’s economy will edge up by 0.9 per cent in 2009 thanks to provincial infrastructure spending and tax cuts.
- Weakness in Saguenay’s aluminum and wood products industries will cause GDP to fall by 1.2 per cent in 2009.
- The global economic downtown will result in a 0.7 per cent contraction in Trois-Rivières’ economy this year.
- Sherbrooke is also feeling the pinch of the global downtown, with GDP set to shrink by 0.8 per cent this year.
- Gains in non-commercial services won’t prevent Kingston’s economy from contracting by 0.8 per cent in 2009.
- Troubles in the auto sector will drive down Oshawa’s GDP by 2.5 per cent this year.
- Weak manufacturing and construction will cut GDP by 2.7 per cent in St. Catharines–Niagara this year.
- The recession will result in Kitchener’s economy contracting by 2.6 per cent in 2009.
- Falling manufacturing, construction, and services output will pull down London’s GDP by 2.8 per cent this year.
- Windsor’s automotive-driven economy will shrink by 5.6 per cent in 2009
- Lower nickel prices are contributing to the 4 per cent drop in Sudbury’s GDP this year.
- Persistent weakness in the forest products sector will cut Thunder Bay’s GDP by 3.1 per cent in 2009.
- Abbotsford’s economy will shrink by 1.5 per cent in 2009, the first annual contraction on record.
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