Economic Forecast: BC to Lead Growth in 2016

BC Economic Forecast

December 18, 2015

British Columbia’s economy will lead the country by a wide margin over the near term, says the Conference Board of Canada in its most recent quarterly economic forecast. The province’s real GDP is forecast to grow 3.1 per cent this year and 3.6 per cent in 2016.

Manitoba, and Ontario will also be growth leaders in 2016, and while Alberta and Saskatchewan will continue to feel pain from difficulties in the energy sector, neither will be in recession in 2016, the board says. This divergence in regional economic performances is expected to prevail for the foreseeable future.

The quarterly economic forecast provides highlights of the Provincial Outlook report, which presents the short-term outlook for Canada’s provinces.

Find out more: www.conferenceboard.ca/e-library/abstract.aspx?did=7557.

 

Related Articles

RENO New Website Announcement

RENO New Website Announcement

October 10, 2024 RENO LED Lighting Inc. is excited to announce the launch of its redesigned website, offering a faster, more user-friendly experience for distribution and specifier partners. The new site features blazing fast load times, a comprehensive product showcase with detailed specifications, a wide range of resources to support lighting projects, and an exclusive…

Latest Articles

  • Declines in Ontario and Manitoba Construction Intentions Push Down the Non-Residential Sector

    Declines in Ontario and Manitoba Construction Intentions Push Down the Non-Residential Sector

    December 16, 2024 The total value of building permits issued in Canada decreased by $399.1 million (-3.1%) to $12.6 billion in October. This comes on the heels of a strong September, during which construction intentions rose by $1.3 billion to the second-highest level in the series. Despite the monthly decline in October, the total value of building permits… Read More…

  • Lighting Control Basics for Home Automation

    Lighting Control Basics for Home Automation

    By Matthew Biswas Do your eyes roll when you hear terms like Smart home technology?  Or are you a true believer?  As it turns out controlling electrical devices via low-voltage technology can be easier to implement and use than many of us thought. The Lutron Caseta system uses the internet and Radio Frequency to instantly… Read More…

  • Grounded in Ontario: The Future of Energy Storage Systems

    Grounded in Ontario: The Future of Energy Storage Systems

    December 16, 2024 Technical Advisor Trevor Tremblay explains why following best practices and relying on licensed professionals will ensure a smooth and secure transition when integrating this exciting new technology. Energy Storage Systems (ESS) are revolutionizing the way individuals and businesses manage energy, providing cost-saving opportunities, increased energy reliability, and a pathway toward sustainability. In… Read More…

  • 4 in 5 Canadians See Electrifying Public Transit as Key to Advancing Climate Action, Schneider Electric Survey Finds

    4 in 5 Canadians See Electrifying Public Transit as Key to Advancing Climate Action, Schneider Electric Survey Finds

    December 13, 2024 Schneider Electric has released new survey findings showing Canadians are increasingly concerned about the environmental impact of traditional public transit emissions. According to the survey, 83 per cent of Canadians recognize the need for electrified transit to support a sustainable future and are seeking actionable and innovative solutions to ease the nation’s… Read More…

Changing Scene