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: Summer 2015
Provincial Outlook Economic Forecast: Summer 2015
Provincial Economic Analysis
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- The Canadian economy did not perform well over the first few months of the year and is flirting with recession, but growth will pick up through the rest of 2015 and in 2016.
- The trade sector performed poorly in the first part of the year, leading to downgrades of the Quebec and Ontario economic forecast for 2015.
- Saskatchewan, along with Alberta, will see a contraction in its economy with adverse weather hurting agriculture yields and a correction in oil prices having led to a severe downturn in the energy sector.
- The near-term economic outlook is better for New Brunswick and Nova Scotia after years of sluggish growth and job losses.
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