Provincial Forecast
Get the latest Canadian economic forecasts to fully understand Canada’s provincial economic stance.
Canada Five-year Outlook
Canadian Economics April 28, 2026
After a chaotic 2025 where the Canadian economy expanded by 1.7 per cent—its slowest pace since 2020—it has stumbled out of the gate this year. The labour market shed 109,000 jobs in the first two months of 2026, reversing the gains made late last year, and the economy likely grew minimally, if at all, in the first quarter.
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Canadian Hiring Index for April 2026
Job Postings Edge Up Marginally in March Canadian hiring activity showed a modest rebound in March, with the hiring index rising 1.7 points—its first monthly gain after four consecutive declines….
Index of Consumer Spending for February 2026
Job Losses Hold Consumer Spending Flat in February Canada’s Index of Consumer Spending (ICS) rose by just 0.3 points in February, with Quebec posting the largest provincial gain and Saskatchewan…
Provincial Five-Year Outlook—December 2025
Provincial Economies at a Turning Point This quarter, we assess the extent to which provincial economies have shown resilience this year in the face of ongoing trade disruptions with the…
Index of Consumer Confidence for March 2026
Confidence Slips in March Grocery prices running at more than double the headline inflation rate and a sluggish labour market are weighing on how Canadians assess their financial situation. As…
Canada’s 20-Year Outlook—December 2025
Steering Through Transition In this semi-annual report, we assess how Canada’s economy will navigate a tide of structural transitions over the next two decades. In what ways could the evolving…
Canada’s Travel Markets Outlook—December 2025
Resilience at Home, Renewal Abroad In this semi-annual report, we assess the outlook for Canada’s tourism industry, examining the flows and spending of leisure and business travellers within Canada, from…
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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…
Provincial 20-Year Outlook—March 2025
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. What will new lower international…
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…
Unemployment Rate Rises as Job Seekers Left Out in the Cold
In November, employment increased by 51,000 in Canada. Job growth was concentrated in full- time work and the public sector. The labour force participation rate rose 0.3 per centage points…
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…
