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FALL_Economic Snapshot - Web CoverQuarterly Economic Snapshot - Fall 2018

The Halifax Partnership measures growth in Halifax by tracking key economic indicators that detail trends affecting Halifax's business climate. View and download the fall 2018 Economic Snapshot.

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AIP - Web Cover_DEC 20182Have labour gaps?

Employers in Nova Scotia can use the Atlantic Immigration Pilot to hire international workers and graduates. Learn more about the Pilot, explore its resources, and connect to our Talent Specialists. 

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AGM_Graphic_Oct 20182017-18 Annual Report

We are now in Year 3 of Halifax's five-year Economic Growth Plan. It is critical that we maintain the momentum of the previous two years and focus on What's Next

Want to see how we are advancing economic development in Halifax? View and download our 2017-18 Annual Report.

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Economic Snapshot

Halifax’s predicted GDP growth rate is forecasted to outpace the provincial figure, but will track slightly below the national figure, averaging 1.6% between 2018 and 2022.

12-03-18_Growth Rate GDP

Source: Conference Board of Canada Metropolitan Outlook

 

Average weekly earnings in Q3 2018 grew by 1.3% since the last quarter, increasing from $898 to $910. Inflation increased by o.4% in Q3, resulting in a 0.9% increase in purchasing power.

12-03-18_Inflation

Source: Statistics Canada Table 18-10-0004-01, CMHC Housing Now Tables

 

GDP
Growth

Halifax's GDP grew by 1.7% in 2017, below both the national figures and most of the benchmark cities. 

The Business Confidence Index for Halifax reached an all-time high in 2018, marking the fourth straight year of gains.

 

Halifax Index 2018

Featured Business

Stewart McKelvey

Stewart McKelvey

This month, we talked to Lydia Bugden, CEO & Managing Partner at Stewart McKelvey, one of the largest law firms in Canada.  

Read the full story...  

Events

Lord Nelson Hotel, 1515 South Park St, Halifax, NS
Events

The Halifax Partnership has partnered with the Conference Board of Canada and are pleased to invite you to attend the Atlantic Business Outlook 2018: Nova Scotia, taking place May 16, 2018 in Halifax.

Economic growth in Nova Scotia is expected to average 1 per cent annually in 2018 and 2019. International immigration has been exceptionally strong in recent years, and that has boosted the labour force numbers in Nova Scotia. However, an increasing number of people are leaving the workforce, so employment is not expected to grow much over the next few years.

Featuring the Conference Board’s Chief Economist, Craig Alexander, the Atlantic Business Outlook includes global, national, provincial and metropolitan perspectives. The outlook will provide business leaders and policy makers from across Nova Scotia with both a deep dive into the numbers and analysis of the factors underpinning the economy. The 2018 meeting will also discuss innovation in Nova Scotia and identify steps that can be taken to capitalize on existing innovation activities to build new opportunities.

Phone: 1-866-242-0075