Mining is still key
Public-sector projects are stimulating construction industry growth, but mining is still a major driving force for the territories
- By: Clare O’Hara
- January 30, 2015 October 26, 2019
- 00:00
Public-sector projects are stimulating construction industry growth, but mining is still a major driving force for the territories
Sliding oil prices will hit the Rock hard, but there are some places to shelter. Mining exports should increase in 2015, and there's good news…
Nova Scotia's economy is set to benefit from greater activity in the shipbuilding and offshore gas industries in the years ahead
The growing housing market in the U.S., combined with a lower Canadian dollar, bodes well for New Brunswick
Continued but muted growth is expected for P.E.I., with the aerospace and processed-foods industries as drivers
Rising U.S. demand, cheaper fuel and lower loonie are likely to push the B.C. recovery strongly forward, boosting incomes
Lower prices, from oil and potash to uranium, are crimping growth, although employment and spending remain relatively strong
A recent history of very slow growth is hampering confidence, although there are signs that activity will pick up this year
Diving oil prices will slow everything, from office construction to employment growth. But prices could be back up this year
Several key initiatives will lead to solid growth for Nova Scotia in 2014, placing it in the middle of the pack among the provinces
P.E.I.'s economy is expected to get a boost this year, as demand from the U.S. and Canada ramps up
Although the province's diverse economy adds stability, it is suffering from a range of issues that make strong GDP growth elusive
With the housing market down and consumer spending tepid, exports and investment must be the drivers of growth
After a year of strong growth, lower commodities prices will moderate Saskatchewan's GDP growth in 2014
Healthy investment in the oil industry creates strong employment. Other industries, such as agriculture, also are flourishing
New initiatives, such as liquefied natural gas, and strengthening demand from the U.S. are putting B.C. on track
A decline in mineral exploration has had an impact on Canada's three territories, but strong growth is still expected
Newfoundland and Labrador's growth will not come anywhere near the whopping 6% rise in real GDP the province saw in 2013
Two factors spell good news for exports and manufacturing in New Brunswick
Possible change in government could have implications for B.C.'s steadily improving economy
Spending cuts and higher exports needed to reduce debt
The Rock is expected to be a leader in economic growth once again, despite a shaky public-sector financial picture
Aerospace will not grow as rapidly as in 2013. And reduced public spending will also hurt the island province
Forestry is expected to rebound, but mining and construction will still be sore spots for New Brunswick's struggling economy
Megaprojects, rising U.S. demand and lower government spending in Nova Scotia should mean better days ahead