Resources will continue to drive the economies of Saskatchewan, Alberta and Newfoundland and Labrador forward in 2012.
That's according to the latest provincial forecast from RBC Economics.
It says the "The biggest differentiating factor" for provincial growth in 2012 will continue to be a dynamic natural resource sector.
The bank predicts Saskatchewan will experience the greatest provincial growth, at 4.2%, compared to 4.5% this year.
RBC pegs Alberta's growth at 3.9% and Newfoundland and Labrador's at 2.8% -- just above the predicted national average of 2.5%.
The banks expects Manitoba's economy to grow by 3.2%, by 2.3% in both Ontario and British Columbia, by 1.9% in P.E.I., 1.8% in Quebec and New Brunswick and 1.6% in Nova Scotia.
"The biggest differentiating factor for provincial growth next year will continue to be the dynamism of the natural resource sector," said Craig Wright, RBC's senior vice-president and chief economist.
"Resources will continue to be a catalyst for increased capital investment and production in resource-heavy provinces like Saskatchewan, Alberta, and Newfoundland and Labrador."
