Real GDP fell 1.6%, federal agency blames Alberta wildfires for most of the contraction.
A lack of spending to expand capacity will limit manufacturers’ ability to increase production.
Retail and wholesale trade, energy extraction and manufacturing boost economic activity in November.
Province also downgrades 2015 growth expectations, dropping projected real GDP growth to 1.9% from 2.7%.
Calgary ranks dead last in GDP growth expectations this year, according to the Conference Board of Canada.
Ontario tops provincial GDP growth ranking.
Newfoundland and Labrador, Alberta, and Manitoba expected to post strongest GDP growth in 2015
Conference Board says 2019 is a more likely target.
Improvements should motivate Canada’s businesses to increase their pace of investment and hiring, the bank says.
Report suggests economic output improvement in 2013 was heavily slanted toward resource-rich regions.
RBC has revised its forecast for provincial real GDP growth to 1.3% in 2013, down from 1.7%.
Pipeline would create 11,000 jobs and boost Canada’s GDP by $35 billion.
Survey suggests economists confident US GDP growth will reach up to 4% in 2013.
Report suggests GDP growth will slip to 1.7% in 2013.