[PoscStudent]

Even with all the turmoil with oil prices, the Conference Board of Canada is predicting that Newfoundland and Labrador will lead the province next year in economic growth.

Resource-rich provinces expected to reap biggest economic benefits in 2015, Conference Board says


OTTAWA — Canada’s provincial economies should improve in the coming year — in particular, in terms of increased job creation and business investment — with resources-rich Alberta and Newfoundland and Labrador expected to reap the biggest benefits.

The Conference Board of Canada, in its fall provincial outlook released Thursday, said strong growth in the United States will also fuel expansion in this country during 2015.

Overall, the Ottawa-based think-tank estimates Canada’s gross domestic product — the broadest measure of economic activity — will pick up pace next year, rising to 2.6% from an expected 2.2% in 2014. “A stronger U.S. economic activity, coupled with a slightly weaker Canadian dollar will keep export activity humming in 2015,” it said.

Alberta and Newfoundland and Labrador will act as bookends to the Canada’s economy next year, supported by the energy sector, according to the Conference Board.

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http://business.financialpost.com/20...ce-board-says/