This publication focuses on the metropolitan economies of Trois-Rivières, Sherbrooke, St. Catharines-Niagara, London, Sudbury, Thunder Bay, Saskatoon and Abbotsford.
Metropolitan Outlook 2B: Economic Insights into 25 Canadian Metropolitan Economies: Summer 2005
Metropolitan Outlook 2B: Economic Insights into 25 Canadian Metropolitan Economies: Summer 2005
Urban City Economic Analysis
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- An anticipated recovery in the services sector will allow the Trois-Rivières economy to bounce back in 2005 from a mediocre performance last year.
- A struggling manufacturing sector is expected to keep real GDP growth in Sherbrooke below 2 per cent in 2005.
- After stalling in 2004, real GDP growth in St. Catharines–Niagara is forecast to improve to 2.5 per cent this year.
- Economic activity in London is expected to remain sound over 2005 and 2006, thanks to a revived manufacturing sector.
- The dramatic revival of Greater Sudbury’s mining sector will allow economic activity in the CMA to remain relatively healthy over the next two years.
- Following a big setback in 2004, Thunder Bay’s economy is expected to grow by 2.5 per cent in 2005.
- Saskatoon’s economy has been on a roll and is not expected to show any signs of fatigue in 2005, with real GDP growth forecast to reach 4.2 per cent.
- Real GDP growth in Abbotsford is expected to be a sluggish 0.2 per cent in 2005, after an outstanding gain of 6.7 per cent last year.
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