PEI

P.E.I. forecast to lead country in economic growth

Prince Edward Island will be the only province in Canada with economic growth that will exceed three per cent in 2019, according to a new report from the Conference Board of Canada.

Exports expected to be strong for the Maritimes in 2019

The Conference Board of Canada expects residential construction to remain strong in 2019. (CBC)

Prince Edward Island will be the only province in Canada with economic growth that will exceed three per cent in 2019, according to a new report from the Conference Board of Canada.

Growth of GDP on the Island is expected to be 3.2 per cent. Nationally, the Conference Board projects 1.9 per cent growth.

The report credits "an influx of international migrants supporting strong growth in residential construction and elevated demand for P.E.I. products boosting exports and manufacturing."

Alberta is at the bottom of the growth chart, at 1.3 per cent, with its economy hampered by cuts in oil production.

Nova Scotia and New Brunswick are expected to recover from a poor year in 2018, during which growth in both provinces was below 0.5 per cent. Export growth in those two provinces is expected to help grow the economy 1.4 per cent in New Brunswick and 1.6 per cent in Nova Scotia.

More P.E.I. news

Comments

To encourage thoughtful and respectful conversations, first and last names will appear with each submission to CBC/Radio-Canada's online communities (except in children and youth-oriented communities). Pseudonyms will no longer be permitted.

By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Please note that CBC does not endorse the opinions expressed in comments. Comments on this story are moderated according to our Submission Guidelines. Comments are welcome while open. We reserve the right to close comments at any time.