Provincial Forecast
Get the latest Canadian economic forecasts to fully understand Canada’s provincial economic stance.
Canadian 5-Year Outlook
Canadian Economics October 15, 2026
Canada’s economy regained momentum in the second quarter, with real GDP expanding at an annualized rate of 3.3 per cent, marking its strongest quarterly performance since before the onset of the Canada–United States trade dispute in early 2025. The rebound was led by a recovery in exports, driven largely by stronger auto production, but growth was broadly based. Household spending continued to surprise on the upside despite higher inflation, higher energy costs, and weaker population growth, while business investment posted its strongest quarterly gain in two years.
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Provincial Five-Year Outlook—September 2026
A First Step to Getting Back on Track This quarter, we examine the early indications that suggest a gradual turnaround is on the horizon for provincial economies after a turbulent…
Canadian Hiring Index for September 2026
Hiring Momentum Fades in August This month’s hiring index shows a dip in job postings and softer hiring demand, especially in the finance and insurance, healthcare, and social assistance postings…
Index of Consumer Spending for June 2026
GST Top-up and Gasoline Prices Carry June Consumer Spending Forward Most provinces and territories saw their Index of Consumer Spending (ICS) scores increase in June, with the largest gains coming…
Canada’s 20-Year Economic Outlook Update—August 2026
Against the Tide In this semi-annual report, we examine how lower population growth and an aging population will reduce labour force growth and place increasing pressure on the Canadian economy’s…
Index of Consumer Confidence for August 2026
Confidence Pulls Back in August Consumer confidence weakened in August as ongoing economic uncertainty, energy price pressures, and trade policy risks continued to weigh on household sentiment. Despite this decline,…
Provincial 20-Year Outlook—June 2026
Charting the Path Ahead This year, we assess the effects of changing demographics, geopolitics, and technological advances on provincial workforces, living standards, housing markets, and healthcare through to 2045. How…
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Canada’s Travel Markets Outlook—June 2026
Tourism’s Domestic Strength Persists, Reinforced by Overseas Demand In this semi-annual report, we assess the outlook for Canada’s tourism industry, examining the flows and spending of leisure and business travellers…
Economic Footprint of Canada’s Pharmacy Sector—June 2026
The Economic Footprint of Canada’s Pharmacy Sector: Fuelling Health and Local Economies In this research, we examine the economic footprint of Canada’s pharmacy sector, including its contribution to GDP, employment,…
Provincial Innovation Dashboard—September 2025
Provincial Innovation Dashboard In this research, we examine provincial innovation performance and trends across Canada, including a high-level look at innovation capacity, activity, and results. Which provinces are leading and…
Provincial Fiscal Outlook—July 2025
Deficits to Gradually Narrow Provincial governments across Canada are facing fiscal challenges. Most are struggling to balance their books amid spending pressures, as pandemic-related interest costs linger, and a rising…
Positive Job Print Ends Rollercoaster Week
In January, employment in Canada increased by 76,000, the third consecutive monthly increase. There were notable gains among youth aged 15 to 24 years. The labour force increased by 62,000…
December Delivers: Risks Loom, but Jobs Stay Strong
In December, employment in Canada increased by 91,000. The employment rate rose by 0.2 per cent, the first increase since January 2023. Job growth was broad-based with gains recorded in…
Meet Our Expert
Pedro Antunes, Chief Economist
Pedro Antunes is the Chief Economist and primary spokesperson at Signal49 Research. He provides insights and general direction for Signal49 Research’s economic products, including reports and economic indicators that relate to Canada and its regions and sectors.
Jaded in July: Labour Force Contracts and Jobs Flatline
In July, employment in Canada was little changed on the previous month, marking a third consecutive month of stagnant job growth. The size of the labour force fell by 11,000,…
Summer Sunshine Fails to Reach the Labour Market in May
In May, employment in Canada inched up by 27,000. Meanwhile, the labour force grew by 50,000 and the unemployment rate ticked up to 6.2 per cent. Total employment across goods-producing…
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Stuck in a Holding Pattern? Canada’s Travel Markets Outlook to 2028
In this biannual report, we explore how the tourism sector will fare against the incomplete recovery of international visitors and a financially strained domestic market. Given higher prices and borrowing…
April Showers Didn’t Dampen the Labour Market
In April, employment in Canada rose by 0.4 per cent following little change in March. Meanwhile, on the back of continued robust population gains, the labour force expanded by 0.5…
Chill Lingers in the Labour Market as Winter Recedes
In March, total employment in economy was little changed on the previous month. Further growth in the labour force drove the unemployment rate up to 6.1 per cent. Young workers…
Launching Canada’s Space Sector: Economic Impact of Spaceport Nova Scotia
In this research, we examine the projected impacts, both locally and nationally, on sectors such as construction, transportation, tourism, and professional, scientific, and technical services to be generated through the…
