Service-sector stability, rising imports in New Brunswick and Nova Scotia and rising oil production in Newfoundland and Labrador are among what’s contributing to the positive outlook
Brian McInnis/The Canadian Press
An Ottawa-based think tank is predicting rising growth for all four Atlantic Provinces – especially tiny P.E.I., which is expected to lead the country with 3.2 per cent growth this year. The Conference Board of Canada attributes the rosy outlook to service-sector stability and rising exports in New Brunswick and Nova Scotia, and rising oil production in Newfoundland and Labrador.
P.E.I.’s red-hot growth is credited to residential construction following an “influx of international migrants” and higher demand for Island products.Newfoundland and Labrador is predicted to get 2.7 per cent growth this year, with 1.6 per cent growth in Nova Scotia, and 1.4 per cent in New Brunswick, which saw virtually no growth last year.It predicts weaker growth in Quebec, Ontario, Alberta and Manitoba.
“On the other hand, Atlantic Canada, Saskatchewan and B.C. will enjoy an increase in growth this year – despite the fact that there is easing in consumer and government spending,” Marie-Christine Bernard of the Conference Board said in a statement.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Ottawa Senators' downtown arena plan in trouble after mediation failsA proposed new downtown arena for the Ottawa Senators is in jeopardy after mediation failed to produce a settlement between parties looking to develop a community at LeBreton Flats.
Read more »
Senators experience all kinds of problems in past week - Sportsnet.caWhile the Ottawa Senators have endured more than their fair share of negative headlines the past two years, the last week has been particularly rocky.
Read more »
Sens' newcomers provide positives, but second period meltdown buries OttawaAfter an emotional week for Sens fans, a blowout loss to the Caps didn't help matters on Tuesday night. Darren Dreger points out that there were positives from some of Ottawa's newcomers, before going on to dissect the Sens' second period meltdown, which saw the Caps score four goals in less than 10 minutes.
Read more »
Heritage Minister says no extension on deadline to resolve Ottawa Senators new arena disputeFighting in the RendezVous LeBreton Group, which includes Senators owner Eugene Melnyk, inclues a multi-million dollar suit and a billion-dollar counter-suit, which has stalled any progress on development plans
Read more »
Ottawa should replace 'redundant' oil tanker ban with rigorous international regulations, Senate committee toldDesignating the northern B.C. coast as an ecologically sensitive region would go ‘much further’ than a tanker ban, an industry group told senators studying Bill C-48
Read more »
Burnaby election results: Voters send NDP leader Jagmeet Singh to OttawaJagmeet Singh aced perhaps the most important political test of his federal career to date when he won his first parliamentary seat Monday in a Burnaby South byelection.With the sound defeat of his…
Read more »