Outlook for Canada

By Elli Davis, September 27, 2010

Photo by Santiago Medem

The Conference Board of Canada released their new autumn 2010 Metropolitan Outlook on Thursday. Among other predictions, the Board expects that in part, due to cutting government stimulus, the economic growth of our country is going to slow down next year. Nevertheless, the biggest threat comes from outside, it claims.

In 2011, Canada‘s GDP is going to rise by 2.9 percent, which is 0.7 percent lower than the growth predicted for this year, the Outlook said. As for the cities, the board predicted the economic future for 13 of them. Toronto with a 4.7 percent growth is expected to be the leader, primarily due to the manufacturing and construction sectors. However, the highest real GDP growth in 2011, of 4.2 percent, should be in Calgary.

Overall, the outlook is quite in line with my personal opinion. It is quite good to have professional analysis supporting my take on the issue, even though the forecast is not so encouraging; except for very optimistic Toronto predictions, of course.

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