Bank of Montreal says the gap between economic growth rates in Western Canada and the rest of the country appears to narrowing.
The resource sector continues to fuel growth in Western Canada, but the bank says it will be slower.
The bank suggests Alberta’s growth in the energy sector is being tempered by a lack of pipeline capacity and British Columbia has been held back by a softer housing market.
Meanwhile, Saskatchewan and Manitoba are also expected to down shift this year, the bank says.
By contrast, Ontario’s economy is expected to gain momentum into 2014, helped by improvements in the U.S.
Quebec’s growth rate is also expected to turn up, but at a sluggish pace.