A new report suggests Alberta is facing a 鈥渕ild鈥� recession, while the Atlantic provinces are expected to see an economic growth due to international immigration.
The Conference Board of Canada released in which they expect investors in the oil sector to look for opportunities in the United States instead of Alberta, in part due to concerns over the federal carbon tax and pipeline capacity.
- For a closer look at Alberta鈥檚 economic outlook,
China鈥檚 refusal to accept Canada鈥檚 canola oil exports is also expected to hurt the financial outlook in the West, the report indicates.
The Atlantic provinces, on the other hand, are expected to see stronger growth than the rest of the country in part due to 鈥渟trong net international migration.鈥�
Quebec鈥檚 economy is also expected to remain sound, despite some pork producers in the province being denied from exporting to China. The Canada-China trade dispute is also expected to impact British Columbia, which relies on China more than any province.
The report also expects a 鈥渨eakened鈥� growth in Ontario, Manitoba and Saskatchewan.
In Ontario, the provincial government鈥檚 decision to limit spending is the primary reason behind a slower projected economic growth, the report indicates.
