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We now have another of the banks outlining its forecast for the provincial economy over the next year or two. This one comes from TD Canada Trust and is the first to offer a projection on 2020.
It says our economy will experience expansion of 1.4 per cent this year. That comes on top of a solid growth performance last year at 2.9 per cent. After a relatively quiet year in 2018, the bank is calling for a stronger result in each of the next two years.
2019 is slated to see a 2.0-per-cent expansion followed by further growth of 1.8 per cent in 2020.
This year is feeling the effects of the uranium industry, which is dealing with mine shut downs as well the difficult growing conditions for farmers. But the bank expects next year will be lifted by a strengthening of potash and grain prices and with improvements in the oil patch.
We should expect an improvement in job growth next year, which will also help the housing sector.
