This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada’s provinces.
Provincial Outlook Economic Forecast: Autumn 2017
Provincial Outlook Economic Forecast: Autumn 2017
Provincial Economic Analysis
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- While key economic indicators remain positive as we approach the New Year, the Canadian economy is not expected to continue to grow at the same strong pace.
- British Columbia will outpace all other provinces next year with real GDP growth of 2.7 per cent.
- With oil prices steadily improving since the summer, Alberta’s economic performance could well surprise on the upside.
- The strong economic momentum in Central Canada is expected to lose speed quickly as consumers shift gears and spend less.
- Manitoba’s economic performance will be much weaker over the near term.
- The countdown is on for new oil production in Newfoundland and Labrador—the only province that will see an acceleration in economic growth next year.
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