This annual economic forecast presents the long-term provincial outlook. At the end of the report, there is a forecast for Canadian economic indicators and a comparison of GDP by province and industry.
Provincial Outlook Long-Term Economic Forecast: 2006
Provincial Outlook Long-Term Economic Forecast: 2006
Provincial Economic Analysis
$1,775.00
- Ontario and Alberta will occupy the two top spots over the long term, Ontario from a favourable demographic outlook due to sturdy international migration and Alberta from the development of the oil sands, where an amazing $100 billion in investment is expected to expand the industry.
- Over the long term, real GDP growth will average 2.3 per cent in British Columbia and 2 per cent in Prince Edward Island, as the provinces become preferred retirement havens for baby boomers.
- Declining population and depletion of oil reserves will weigh heavily on Newfoundland and Labrador over 2005–25.
- Population will shrink in every year of the forecast in New Brunswick and Nova Scotia, impeding real economic growth significantly over the long term.
- Quebec can expect average annual growth of 2 per cent over the forecast, as major capital outlays in electricity-generating capacity and sound export activity compensate for tepid population growth.
- Population growth will hold steady over the forecast period in Manitoba due to more favourable immigration. Saskatchewan will experience very weak population gains over 2005–25.
Customers Who Downloaded This Also Liked
6 min read
13 min read
13 min read
9 min read
Require an accessible version of this research?
Upon request, Signal49 Research offers accessible versions of research. Please contact us to request your accessible version.
Learn more about our accessibility policies.
Effective January 26, 2026, AERIC Inc./Signal49 Research discontinued use of ‘The Conference Board of Canada’ name, logo and branding, which had been used by AERIC Inc./Signal49 Research under license from The Conference Board, Inc. The Conference Board, Inc. and its licensees, which are not affiliated with Signal49 Research, own all right, title and interest in THE CONFERENCE BOARD name and trademarks in Canada and have the exclusive right to their use in Canada since January 26, 2026.
