Canada's economy grew by 1.3% last year, but many provinces grew by more

Monday, May 08, 2017

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Canada's economy expanded by 1.3 per cent in 2016, as strong growth in British Columbia, Ontario, Manitoba and P.E.I. was offset by Alberta and Saskatchewan, whose economies contracted for the second straight year.

Statistics Canada reported Monday that eight provinces and two territories saw their real Gross Domestic Product (or GDP) expand last year. The only exceptions were Alberta, Saskatchewan and the Northwest Territories.

British Columbia led the country for the second straight year as the province's economy grew by 3.7 per cent, up from 3.1 per cent in 2015. Oil and gas and real estate were sources of strength, while engineering and manufacturing declined.

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Category: Economic Development

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“The City has the space we need—store frontage with lots of traffic and warehouse space.”

Rik Kaminsky, Co-Owner and CEO, Solaré Canada Inc.

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“Locating in Spruce Grove is prime for us.  We need to be centrally located in the province to reach our customers and move our products.”  

Anthony Worbeck, Sales Director, ACKT Industries

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“In Spruce Grove we have everything in the way of retail businesses, excellent schools and first-class sport facilities all right here.” 

Braven Blackwell, President, Seljax

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“We chose Spruce Grove because it had the best real estate prices in the area compared to other industrial parks.”

Tim Martin, General Manager, Cross Country Infrastructure Services Canada Inc.

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“The feeling of home and family orientated culture has allowed us to retain our most valuable asset, our people.”

Neil Matheson, CFO, Thompson Construction Group

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“Retaining long-term employees is key. It’s difficult to do, but we’ve done it in Spruce Grove.”

Jack Seguin, Owner, Alberta Precast Products