This publication focuses on the metropolitan economies of St. John’s, Saint John, Saguenay, Oshawa, Kingston, Kitchener, and Windsor.
Metropolitan Outlook 2A: Economic Insights into 27 Canadian Metropolitan Economies: Autumn 2006
Metropolitan Outlook 2A: Economic Insights into 27 Canadian Metropolitan Economies: Autumn 2006
Urban City Economic Analysis
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- After two years of soft growth, the St. John’s economy is showing renewed signs of life in 2006, with real output expected to accelerate to 3.1 per cent.
- Real GDP growth in Saint John will be limited to 1.8 per cent this year, as the manufacturing sector continues to struggle.
- A slowdown in residential construction is forecast to limit overall growth in the Saguenay CMA to 1.5 per cent in 2006.
- A struggling manufacturing sector is expected to keep real GDP growth in Kingston at 2.1 per cent in 2006.
- Real GDP in Oshawa is forecast to expand by a vigorous 3.9 per cent per year over the forecast horizon, partly as a result of General Motors’ decision to produce the new Camaro there.
- Kitchener’s economic growth, which has been very strong over the past two years, is expected to moderate slightly in 2006, coming in at a still sound 3.2 per cent.
- The strong Canadian dollar and border difficulties will continue to hamper Windsor’s manufacturing and tourism industries, limiting overall economic growth.
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