Charting a Steadier Course Through Structural Headwinds
New Brunswick’s outlook has remained the same since our previous forecast, with growth set to lose momentum in 2026 as uncertainty and weaker demographic dynamics weigh on its economy. Trade policy and broader geopolitical risks are likely to temper business activity and investment, while slower population growth will limit gains in labour supply and domestic demand.
Which structural factors will severely constrain the province’s long-term economic potential, and how does weaker population growth as a result of reduced migration levels factor into this? What is the impact of reduced population growth on residential and non-residential investment, as well as the ability to fill jobs? Which industries will be affected the most by the ongoing economic uncertainty? What is the impact of the government’s fiscal pressures on its ability to address growing demands for healthcare, infrastructure, and affordability programs?
Read the issue briefing to get our full analysis.
