- The Canadian economy has slowed more than expected. Real GDP growth will slip to just 1.4 per cent in 2019 but is expected to rise back up to 2 per cent in 2020.
- Economic growth will weaken in Ontario and the three Prairie provinces.
- With optimism in the oil sector low, Alberta is facing a mild recession.
- The outlook for Ontario has been dampened by the return to fiscal austerity in the most recent provincial budget. Quebec’s economic prospects, however, remain sound.
- China’s move to block imports of Canadian canola, peas and soybeans, as well as pork from some Quebec producers, will hurt the agriculture sector.
- Benefiting from strong net international migration, the tides are turning in Atlantic Canada. The region will buck the national trend and will see stronger economic growth in 2019.
Provincial Outlook Executive Summary: Spring 2019 (PDF)
Provincial Outlook Executive Summary: Spring 2019 (PDF)
Provincial Economic Analysis
Pages:31 pages52 min read
$840.00
This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada’s provinces.
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