B.C. will lead provincial economic growth in 2020; Alberta to lead next year
TORONTO, Jan. 14, 2020 /CNW/ - British Columbia will lead the provinces in economic growth this year, with Alberta claiming the top spot in 2021, says Scotiabank Economics in its Q1 Provincial Economic Outlook. The report was released today, following Scotiabank Economics' Q1 Global Economic Outlook titled, "A Most Uncertain World, Take 2", published Monday.
"Helped by work related to the LNG Canada project in Kitimat, a healthy labour market and recovering home sales activity, B.C. will lead the provinces in economic growth in 2020," said Marc Desormeaux, Provincial Economist at Scotiabank. "Accelerating investment activity and job creation are expected to drive Alberta's growth in 2021."
Highlights of Scotiabank's Provincial Outlook include:
Read Scotiabank's full Provincial Outlook online here.
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