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: Winter 2015
Metropolitan Outlook 2: Economic Insights into 15 Canadian Metropolitan Economies: Winter 2015
Urban City Economic Analysis
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- GDP growth of 1.9 per cent is expected for St. John’s in 2015, although lower oil prices present significant downside risk.
- A rebound in manufacturing output will help Moncton’s economy expand by 2.8 per cent in 2015.
- Renewed strength in manufacturing and in primary and utilities will support GDP growth of 1.6 per cent in Saint John in 2015.
- Saguenay’s GDP will grow by 1.5 per cent in 2015, thanks to stronger services sector growth.
- Real GDP is expected to rise by 1.6 per cent in Trois-Rivières in 2015, the first expansion in five years.
- Sherbrooke’s GDP growth will improve to 2 per cent this year as manufacturing continues to recover and services activity improves.
- Kingston’s economy will grow by 1.8 per cent in 2015 as the outlook improves for the local goods sector.
- Healthy manufacturing, construction, and wholesale and retail trade will lead to 2.6 per cent GDP growth in Oshawa in 2015.
- Stronger services growth and ongoing recovery in manufacturing will lift St. Catharines–Niagara’s GDP by 1.6 per cent 2015.
- Kitchener–Cambridge–Waterloo’s GDP will grow by 3 per cent this year, spurred by construction on light-rail transit.
- London’s GDP will grow by 2 per cent this year, as manufacturing gains ground and the services sector strengthens.
- The ongoing recovery in manufacturing will help lift Windsor’s economy by 2 per cent this year.
- Sudbury’s GDP will grow 1.3 per cent in 2015, as a pickup in manufacturing is offset by only modest services sector growth.
- Ongoing recovery in manufacturing and stronger services growth will help lift Thunder Bay’s economy by 1.6 per cent in 2015.
- A rebound in construction and ongoing improvement in manufacturing will lift Abbotsford–Mission’s GDP by 2.5 per cent in 2015.
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