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Provincial Outlook and Fiscal Analysis

Current trend tracking and forecasts for each provincial economy.
Latest government budgets and analytical commentary on fiscal policy directions.

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Provincial Outlook

Canada’s growth prospects brighten in 2025 but not without challenges

December 12, 2024

Canada’s economic growth challenges are expected to ease as the Bank of Canada continues to lower interest rates—but not right away, and longer-run challenges remain.

Budget Analysis

Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens

December 16, 2024

Lower revenues and new spending measures have resulted in deeper deficits over the course of the fiscal plan—including a whopping $22 billion downward revision to the 2023-24 bottom line to $61.9 billion.

Canadian Federal and Provincial Fiscal Tables

Canadian Federal and Provincial Fiscal Tables

Provincial Budgets and Economic Statements

British Columbia budget 2024 (Feb. 23, 2024)
British Columbia budget 2023 (Mar. 1, 2023)
British Columbia budget 2022 (Feb. 23, 2022)
British Columbia budget 2021 (Apr. 21, 2021)
Economic and Fiscal Update 2020/21 (Jul. 16, 2020)
British Columbia budget 2020 (Feb. 19, 2020)
British Columbia budget 2019 (Feb. 20, 2019)
British Columbia budget 2018 (Feb. 26, 2018)
British Columbia budget update 2017 (Sept.12, 2017)
British Columbia budget 2017 (Feb. 22, 2017)
Alberta Budget 2024 (Mar. 1, 2024)
Alberta budget 2023 (Mar. 1, 2023)
Alberta budget 2022 (Feb. 25, 2022)
Alberta budget 2021 (Feb. 26, 2021)
Alberta 2020-21 First Quarter Update (Aug. 27, 2020)
Alberta's recovery plan (Jun. 29, 2020)
Alberta budget 2020 (Feb. 27, 2020)
Alberta budget 2019 (Oct. 24, 2019)
Alberta budget 2018 (Mar. 23, 2018)
Alberta budget 2017 (Mar. 17, 2017)
Saskatchewan Budget 2024 (March 21, 2024)
Saskatchewan Budget 2023 (March 23, 2023)
Saskatchewan Budget 2022 (March 24, 2022)
Saskatchewan Budget 2021 (April 7, 2021)
Saskatchewan Budget 2020 (June 16, 2020)
Saskatchewan spending plan 2020 (March 19, 2020)
Saskatchewan budget 2019 (March 21, 2019)
Saskatchewan budget 2018 (April 11, 2018)
Saskatchewan budget 2017 (March 23, 2017)
Manitoba budget 2024 (April 3, 2024)
Manitoba budget 2023 (March 8, 2023)
Manitoba budget 2022 (April 13, 2022)
Manitoba budget 2021 (April 8, 2021)
Manitoba budget 2020 (March 20, 2020)
Manitoba budget 2019 (March 8, 2019)
Manitoba budget 2018 (March 13, 2018)
Manitoba budget 2017 (April 12, 2017)
Ontario mid-year fiscal review (Oct. 31, 2024)
Ontario Budget 2024 (Mar. 27, 2024)
Ontario mid-year fiscal review (Nov. 2, 2023)
Ontario Budget 2023 (Mar. 24, 2023)
Ontario mid-year fiscal review (Nov. 14, 2022)
Ontario Budget 2022 (Apr. 29, 2022)
Ontario mid-year fiscal review (Nov. 5, 2021)
Ontario Budget 2021 (Mar. 25, 2021)
Ontario Budget 2020 (Nov. 6, 2020)
Ontario 2020–21 First Quarter Finances (Aug. 12, 2020)
Ontario March 2020 Fiscal and Economic Update (Mar. 26, 2020)
Ontario mid-year fiscal review (Nov. 7, 2019)
Ontario budget 2019 (Apr. 11, 2019)
Ontario mid-year fiscal review (Nov. 16, 2018)
Ontario budget 2018 (Mar. 29, 2018)
Ontario mid-year fiscal review (Nov. 14, 2017)
Ontario budget 2017 (Apr. 27, 2017)
Quebec Fall Fiscal Update 2024 (November 22, 2024)
Quebec Budget 2024 (March 13, 2024)
Quebec Budget 2023 (March 22, 2023)
Quebec Fall Fiscal Update 2022 (December 9, 2022)
Quebec Budget 2022 (March 23, 2022)
Quebec Fall Fiscal Update 2021 (November 26, 2021)
Quebec Budget 2021 (March 26, 2021)
Quebec Fiscal Update 2020 (November 13, 2020)
Quebec's economic and fiscal situation update (June 19, 2020)
Quebec Budget 2020 (Mar 11, 2020)
Quebec Economic Plan Update 2019 (Nov 8, 2019)
Quebec Budget 2019 (Mar. 22, 2019)
Quebec Economic Plan Update 2018 (Dec. 3, 2018)
Quebec Budget 2018 (Mar. 28, 2018)
Quebec Economic Plan Update 2017 (Nov. 21, 2017)
Quebec Budget 2017 (Mar. 29, 2017)
New Brunswick Budget 2024 (Mar. 20, 2024)
New Brunswick Budget 2023 (Mar. 22, 2023)
New Brunswick Budget 2022 (Mar. 22, 2022)
New Brunswick Budget 2021 (Mar. 17, 2021)
New Brunswick Budget 2020 (Mar. 11, 2020)
New Brunswick Budget 2019 (Mar. 19, 2019)
New Brunswick Budget 2018 (Jan. 30, 2018)
New Brunswick Budget 2017 (Feb. 8, 2017)
Nova Scotia Budget 2024 (March 1, 2024)
Nova Scotia budget 2023 (Mar. 24, 2023)
Nova Scotia budget 2022 (Mar. 30, 2022)
Nova Scotia budget 2021 (Mar. 26, 2021)
Nova Scotia budget 2020 (Feb. 26, 2020)
Nova Scotia budget 2019 (Mar. 26, 2019)
Nova Scotia budget 2018 (Mar. 21, 2018)
Nova Scotia budget 2017 (September 26, 2017)
Nova Scotia budget 2017 (Apr. 28, 2017)
Prince Edward Island Budget 2024 (Mar. 1, 2024)
Prince Edward Island budget 2023 (May 26, 2023)
Prince Edward Island budget 2022 (Mar. 1, 2022)
Prince Edward Island budget 2021 (Mar. 15, 2021)
Prince Edward Island budget 2020 (Jun. 18, 2020)
Prince Edward Island budget 2019 (Jun. 26, 2019)
Prince Edward Island budget 2018 (Apr. 13, 2018)
Prince Edward Island budget 2017 (Apr. 11, 2017)
Newfoundland & Labrador Budget 2024 (Mar. 22, 2024)
Newfoundland & Labrador Budget 2023 (Mar. 24, 2023)
Newfoundland & Labrador Budget 2022 (Apr. 11, 2022)
Newfoundland & Labrador Budget 2021 (May 31, 2021)
Newfoundland & Labrador Budget 2020 (Oct. 1, 2020)
Newfoundland & Labrador Fiscal Update (Jul. 24, 2020)
Newfoundland & Labrador budget 2019 (Apr. 16, 2019)
Newfoundland & Labrador budget 2018 (Mar. 28, 2018)
Newfoundland & Labrador budget 2017 (Apr. 7, 2017)

See Older Reports

Provincial Outlook

Falling inflation, rising jobless rate usher in easing cycles in Canada and abroad Rate cuts won’t spur immediate rebound in Canada’s economy Canadian economic slowdown is not over
Hitting tipping points Canada’s economic engine is gearing down Canada’s economy is beating expectations, but for how long? Canadian economy unlikely to dodge a downturn despite early-2023 resilience
Rate-hiking cycle ending as recession edges closer Hot provincial momentum to lose steam Western provincial economies shining more brightly in 2022 Provincial economies face new challenges as pandemic threat fades
Provinces to enter advanced stages of recovery in 2022 Brighter Days Ahead: Fiscal picture improves from coast to coast Recovery bumpy but still advancing in all provinces Provincial economies reaching the other side of the valley Vaccine Progress Brightens Outlook for Provincial Economies
2021 Promises Better Days from Coast to Coast Provincial Economies: Diverse yet Together in Experiencing Historic Recession Reopening of Provincial Economies: Different Speed, Scale and Outcomes Let the Recovery Begin (Please)! COVID-19 Recession Deepens Fast from Coast to Coast COVID-19 Recession to Hit Every Province March 2020 (Update)
December 2019 (Update) September 2019 (Update) June 2019 (Update) March 2019 (Update)
December 2018 (Update) September 2018 (Update) June 2018 (Update) March 2018 (Update)
December 2017 (Update) September 2017 (Update) June 2017 (Update) March 2017 (Update)