Accessibility/Mobile Features
Skip Navigation
Editorial News
Classified Sites

Brandon Sun - ONLINE EDITION

RBC lowers GDP growth forecast for Manitoba

Weaker-than-expected momentum in the manufacturing sector closing out 2013 has caused the RBC to lower its GDP outlook for Manitoba in 2014 to 2.0 per cent from 2.3 per cent that it had projected in December, 2013.

It also means that the bank’s forecast GDP growth in Manitoba in for 2013 has been lowered to 2.2 per cent from 2.5 per cent.

Weaker capital spending indicators in Statistics Canada’s latest survey on private and public investment intentions in Manitoba, contrary to RBC’s earlier expectations, also factored into the bank’s decision to lower the forecast for 2014.

Disappointing employment growth going into 2014 also weighed down the forecast.

But the bank is more bullish for 2015 and expects the provincial economy to reaccelerate to a 2.7 per cent growth rate in 2015.

Stronger growth in 2015 will reflect the view that faster rising U.S. economic activity will provide greater underlying support to Manitoba’s economy, particularly in areas such as manufacturing, thereby prompting the need to expand production capacity in the province.

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

letters

Make text: Larger | Smaller

Brandon Sun Business Directory
Sudden Surge: Flood of 2014
Opportunity Magazine — The Bakken
Why Not Minot?
Welcome to Winnipeg

Social Media