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Canada : Industrial Snapshot - Q4 2014

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Weak oil prices will take a toll on Canada’s oil producing provinces, particularly Alberta, where GDP growth is expected to fall to 0.6% in 2015 and the possibility of recession cannot be dismissed. Saskatchewan and Newfoundland & Labrador also expect to feel the negative impacts. On the flip side, cheaper energy, a strong U.S. economy, and a competitive Canadian dollar is expected to bolster growth in other provinces, particularly Manitoba, Ontario and BC. Overall GDP growth is forecast to reach 2.4% in 2015 (RBC Economics).

Source : Cushman & Wakefield

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Keywords : Cushman & Wakefield