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Newfoundland and Labrador to lead economic growth in 2026, Ontario to lag: report
Signal49 Research says higher crude prices and offshore oil projects will lift the province to 3.7% growth, while Ontario is forecast at 0.2%.
- Signal49 Research forecast that Newfoundland and Labrador will lead Canada's economic growth for a second consecutive year in 2026, with the province's economy expected to expand 3.7 per cent.
- Higher crude prices and offshore oil projects drive current growth, though lead economist Richard Forbes warned the province faces weaker long-term expansion due to an older population and difficulty attracting migrants.
- Ontario will post the softest growth of all provinces this year at just 0.2 per cent, as Forbes noted the auto sector has been "continually targeted since early 2025" with almost 100 per cent of Canadian auto production located there.
- Alberta's economy is projected to grow 1.5 per cent in 2026, supported by resource and artificial intelligence sectors, while British Columbia is forecasted to grow 1.4 per cent, aided by LNG developments and strong trade prospects with Asia.
- Ongoing tariff uncertainty and the Middle East conflict remain significant risks to Canada's growth prospects. Forbes cautioned, "The longer it gets drawn out, the more it escalates, the worse the outlook is going to be for Canada.
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17 Articles
17 Articles
Ckpg Today+2 Reposted by 2 other sources
Canada’s economic growth expected to rebound, but risks remain on the horizon: report
OTTAWA — Canada's economic growth is expected to rebound later this year and into 2027 as hiring activity strengthens and business confidence recovers, Signal49 Research said Thursday. In its provincial five-year outlook, the Ottawa-based think tank fo...
·Prince George, Canada
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The Toronto Star+9 Reposted by 9 other sources
Newfoundland and Labrador to lead economic growth in 2026, Ontario to lag: report
OTTAWA - A new report says Newfoundland and Labrador is expected to lead the country's economic growth for a second year in a row, driven by higher crude prices and offshore oil projects.
·Toronto, Canada
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OTTAWA, ON, Sept. 10, 2026 /CNW/ -- Economic conditions are expected to improve in all Canadian provinces in the second half of the year.
·Montreal, Canada
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Coverage Details
Total News Sources17
Leaning Left6Leaning Right0Center7Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 46%
C 54%
Factuality
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