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: Spring 2007
Metropolitan Outlook 2A: Economic Insights into 27 Canadian Metropolitan Economies: Spring 2007
Urban City Economic Analysis
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- Timid population growth will limit domestic demand in St. John’s, contributing to more moderate overall economic growth of 2.4 per cent in 2007.
- Continued sound manufacturing and non-residential construction activity will allow Saint John’s real GDP growth to come in at 1.9 per cent this year.
- Saguenay’s economy will finally gain some momentum this year, with real GDP growth reaching 1.5 per cent.
- With services sector growth moderating and manufacturers still under pressure, Kingston’s economic growth is expected to slow to 1.5 per cent in 2007.
- Economic growth in Oshawa is expected to improve steadily over the near term, reaching 2.7 per cent this year and 3.5 per cent in 2008.
- Real GDP growth in the Kitchener area is forecast to come in at a modest 2.3 per cent in 2007, as the manufacturing sector continues to struggle and domestic demand cools.
- Weak economic growth of 0.7 per cent this year in Windsor will result in employment dipping by 0.9 per cent.
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