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: Spring 2015
Provincial Outlook Economic Forecast: Spring 2015
Provincial Economic Analysis
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- The Canadian economy did not perform well over the first few months of the year, but growth will pick up through the rest of 2015.
- A wind of change is blowing through the country, as economic growth will be the strongest in Central Canada, Manitoba, and British Columbia over the near term.
- Real GDP growth in Atlantic Canada is expected to pick up. The exception is Newfoundland and Labrador, where the economy is being hurt by a drop in investment.
- Deficits will remain a challenge for the majority of the provincial governments. Only British Columbia, Saskatchewan, Quebec and Prince Edward Island are projecting balanced budgets for 2015–16.
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