Blue Book: 2021 Quebec Outlook
March 31, 2021
|
Economic Insights
BMO recently held a virtual event (in French) to provide an in-depth discussion of the annual Blue Book. Douglas Porter, BMO Financial Group’s Chief Economist, provided an overview of the macroeconomic indicators across Canada, while I discussed the provincial economic trends.
With the province continuing to battle COVID-19 cases, Quebec’s expected 4.8% economic growth for 2021 trails the 5% projected nationally. Shutdowns in dining, entertainment and many forms of retail has contributed to the rising unemployment rate.
While the province’s debt is on the low end, the fact that it comes after Quebec was running substantial surpluses before the pandemic suggests significant deterioration. On the bright side, the housing market is strong, led by surging sales and prices in Montreal.
Read more
BMO recently held a virtual event (in French) to provide an in-depth discussion of the annual Blue Book. Douglas Porter, BMO Financial Group’s Chief Economist, provided an overview of the macroeconomic indicators across Canada, while I discussed the provincial economic trends.
With the province continuing to battle COVID-19 cases, Quebec’s expected 4.8% economic growth for 2021 trails the 5% projected nationally. Shutdowns in dining, entertainment and many forms of retail has contributed to the rising unemployment rate.
While the province’s debt is on the low end, the fact that it comes after Quebec was running substantial surpluses before the pandemic suggests significant deterioration. On the bright side, the housing market is strong, led by surging sales and prices in Montreal.
This is part 7
of a
7-part series on
Blue Book: 2021 Quebec Outlook
PART 1
Blue Book: 2021 National Outlook
Douglas Porter | March 31, 2021 Economic Insights
BMO recently held a virtual event to provide an in-depth discussion of the annual Blue Book. Douglas Porter, BMO Financial Group’s Chief Econom…
PART 2
Blue Book: 2021 Atlantic Provinces Outlook
Robert Kavcic | March 31, 2021 Economic Insights
BMO recently held a virtual event to provide an in-depth discussion of the annual Blue Book. Douglas Porter, BMO Financial Group’s Chief Econom…
PART 3
Blue Book: 2021 British Columbia Outlook
Robert Kavcic | March 31, 2021 Economic Insights
BMO recently held a virtual event to provide an in-depth discussion of the annual Blue Book. Douglas Porter, BMO Financial Group’s Chief Econom…
PART 4
Blue Book: 2021 Greater Toronto Area Outlook
Robert Kavcic | March 31, 2021 Economic Insights
BMO recently held a virtual event to provide an in-depth discussion of the annual Blue Book. Douglas Porter, BMO Financial Group’s Chief Econom…
PART 5
Blue Book: 2021 Ontario Outlook
Robert Kavcic | March 31, 2021 Economic Insights
BMO recently held a virtual event to provide an in-depth discussion of the annual Blue Book. Douglas Porter, BMO Financial Group’s Chief Econom…
PART 6
Blue Book: 2021 Prairies Outlook
Robert Kavcic | March 31, 2021 Economic Insights
BMO recently held a virtual event to provide an in-depth discussion of the annual Blue Book. Douglas Porter, BMO Financial Group’s Chief Econom…
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