This annual economic forecast presents the long-term provincial outlook.
Provincial Outlook Long-Term Economic Forecast: 2009
Provincial Outlook Long-Term Economic Forecast: 2009
Provincial Economic Analysis
$1,975.00
- A consistent slowing in labour force growth means economic growth in Canada will ease steadily over the forecast period, slowing to an annual pace of less than 2 per cent in the final years.
- Ontario and Alberta will occupy the two top spots over the long term. While Ontario and Alberta will suffer greatly from the current global downturn, the long-term prospects for these provinces are robust.
- Real GDP growth will average 1.9 per cent in British Columbia and 1.4 per cent in Prince Edward Island, as the two provinces become preferred retirement havens for baby boomers.
- A declining population and the depletion of oil reserves will weigh heavily on Newfoundland and Labrador over the next two decades.
- Mega construction projects will delay the population decline in New Brunswick until after 2020. Nova Scotia will see its population shrink starting in 2025.
- Quebec will face a recession in 2009. In the long term, the province should see average annual growth of 1.7 per cent.
- More favourable immigration will help population growth hold steady in Manitoba over the forecast period. Saskatchewan will also benefit from immigration.
Customers Who Downloaded This Also Liked
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.
