BC will lead the growth this year, recession for Alberta, NL

The latest assessment of Canada’s economy by the Conference Board forecasts a gloomy year ahead for Alberta and Newfoundland & Labrador while B.C. will be the star performer.

Central Canada and Manitoba will also see growth, according to the report, which says the outlook for the economy in Ontario and Quebec is the best it’s been in years.

British Columbia’s strong exports and housing marker will lead the growth in the province to 3.1 per cent.

Growth between two and three per cent is expected in Manitoba, Prince Edward Island, Ontario, New Brunswick and Quebec.

Nova Scotia will gain by around 1.5 per cent with Saskatchewan just under one per cent.

Meanwhile, NL will contract by 0.1 per cent and Alberta will suffer a 0.7 per cent decline.

National GDP is expected to grow by 1.9 per cent. 
 

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