This quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada’s provinces.
Provincial Outlook Executive Summary: Summer 2010
Provincial Outlook Executive Summary: Summer 2010
Provincial Economic Analysis
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- The domestic economy in Ontario and Quebec has taken off strongly; prospects are very bright for Central Canada this year. The economic outlook is more tempered in 2011.
- Nova Scotia, New Brunswick, and Manitoba will advance at a moderate pace over the near term.
- Newfoundland and Labrador is firing on all cylinders; sturdy non-residential investment is fuelling strong growth over 2010–11.
- Economic gains in Saskatchewan this year will be restrained by a very weak outcome in the agriculture sector.
- British Columbia is forecast to perform well in 2010, but growth will moderate next year as the public infrastructure stimulus and the Winter Olympics effect are not influential factors anymore.
- As the energy sector expands, Alberta will benefit from solid and steady growth over the next two years.
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