This publication focuses on the metropolitan economies of St. John’s, Moncton, 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 15 Canadian Metropolitan Economies: Summer 2013
Metropolitan Outlook 2: Economic Insights into 15 Canadian Metropolitan Economies: Summer 2013
Urban City Economic Analysis
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- GDP growth in St. John’s will shoot up to 5 per cent in 2013 as sectors tied to offshore oil production pick up.
- Strength in the primary and utilities sector and in manufacturing will support GDP growth of 1.9 per cent in Moncton in 2013.
- Saint John’s economy will grow by 1.1 per cent this year, limited by weakness in construction and in wholesale and retail trade.
- Saguenay’s economy will expand by 1.5 per cent this year, partly thanks to the area’s forestry and mining sector.
- The cancellation of work on the Gentilly-2 reactor will contribute to a 2.4 per cent GDP drop in Trois-Rivières this year.
- Gains in wholesale and retail trade and in finance, insurance, and real estate will drive GDP growth of 1.5 per cent in Sherbrooke in 2013.
- Lower housing starts and public sector weakness will restrict Kingston’s GDP growth to 1 per cent in 2013.
- Oshawa’s economy will expand by 2 per cent this year thanks to stronger construction—both residential and non-residential.
- Weakness in the services sector will limit St. Catharines–Niagara’s economic growth to 1.4 per cent this year.
- Kitchener–Cambridge–Waterloo’s GDP will grow by 1.6 per cent in 2013, as construction strength offsets weakness in manufacturing.
- Ongoing weakness in the public sector and in manufacturing will limit economic growth in London to 1.2 per cent this year.
- Windsor’s economy will expand by 1.5 per cent this year because of robust construction activity.
- Sudbury’s GDP will grow by 1.2 per cent in 2013 as government cutbacks weigh down increased strength in mining.
- Manufacturing gains will help offset slow services sector growth, supporting GDP growth of 1.1 per cent in Thunder Bay in 2013.
- Steady growth in manufacturing and the services sector will help Abbotsford–Mission’s GDP grow by 1.9 per cent in 2013.
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