TORONTO—The resilience of the Canadian economy during the global recession and its strong performance post-recession—which was largely rooted in the resource-intensive provinces of Alberta, Saskatchewan, Newfoundland and Labrador, and British Columbia—masked weakness in Central and Atlantic Canada, particularly Ontario, finds a new study published today by the Fraser Institute, an independent non-partisan Canadian policy think-tank.
“The fall in commodity prices and the ensuing economic slowdown in Canada’s resource-intensive provinces laid bare the weaknesses of provinces such as Ontario and New Brunswick, prompting a crucial question—which provinces will propel Canada’s economic growth?” said Livio Di Matteo, Fraser Institute senior fellow, professor of economics at Lakehead University, and co-author of Comparing Recent Economic Performance in Canada and the United States: A Provincial and State Level Analysis.
