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