RBC Forecasts SK as Canada`s Star for 2009

[Jack]

Just FYI - RBC`s forecasting SK to lead the country in growth in 2009, followed by AB.

Link: http://www.rbc.com/economics/market/pdf/provfcst.pdf

Real GDP (% Growth)

1) Saskatchewan - 3.5
2) Alberta - 3.0
3) N.B. - 2.5
4) Manitoba - 2.3
5) B.C. - 2.1
6) N.S. - 2.0
A) Canada - 1.5
7) P.E.I. - 1.4
8) Newfoundland - 1.3
9) Quebec - 1.2
10) Ontario - 0.4

Personal Disposable Income (% Growth)

1) Saskatchewan - 5.5
2) Alberta - 5.2
3) Manitoba - 5.0
4) B.C. - 4.8
A) Canada - 4.2
5) N.S. - 4.1
6) Ontario - 3.9
7) Quebec - 3.8
8) N.B. - 3.4
9) Newfoundland - 2.6
10) P.E.I. - 2.6

 

[Jack]

An aside - remember that AB`s base (with which to calculate growth from) is quite a bit bigger than SK`s, so these forecasts suggest pretty noteworthy strength.