Provinces in Canada with the Strongest Economies
In June 2016, the Conference Board of Canada reported that four Canadian provinces are expected to have especially strong economic growth in 2016: British Columbia, Ontario, Manitoba and Prince Edward Island.
The Canadian think-tank forecasts that British Columbia will likely lead the rest of Canada in economic growth in 2016 and 2017, with the province’s economy predicted to grow by an impressive 3% annually during the next two years, fueled by the construction, forestry, real estate and transportation sectors.
Vancouver, the largest city in British Columbia, is currently enjoying its lowest unemployment rate in seven years, at just 5.7 percent.
Ontario is also anticipated to experience a robust 2.8% increase in Gross Domestic Product (GDP) during 2016 and 2.6% GDP growth in 2017, driven largely by the automobile industry.
Agriculture and services are forecast to boost Manitoba’s continued economic expansion by a healthy 2.1% in 2016 and 2.6% during the following year.
For the past several years, Manitoba has consistently had one of the lowest unemployment rates of any Canadian province or territory and this has attracted thousands of workers seeking jobs in Canada to move to Manitoba.
According to Statistics Canada, Manitoba boasted the lowest unemployment rate in Canada during May 2016 at only 5.9 percent, compared to the overall unemployment rate for Canada of 6.9 percent.
Meanwhile, expansion in the manufacturing and housing sectors is predicted to help Prince Edward Island to experience a 2.3% GDP growth in 2016, followed by 1.7% economic growth in 2017.
The Organization for Economic Cooperation and Development (OECD) published a report on June 13, 2016, which said that the Canadian economy has seen a recent shift from an emphasis on natural resources to other business sectors and this has helped Canada to balance against the drop in global oil prices.
This readjustment in the Canadian economy has benefited provinces such as British Columbia, Ontario, Manitoba and Prince Edward Island, where thousands of new jobs in Canada are being created in construction, manufacturing and other business sectors.
Therefore, if you want to apply for jobs in Canada, you might consider moving to one of these four Canadian provinces where strong economic growth is generating excellent employment opportunities.
