The west keeps growing
Posted Jan 11, 2012 4:23 pm.
This article is more than 5 years old.
Calgary is second only to Saskatoon when it comes to expected growth and prosperity over the next couple of years, according to a Conference Board of Canada outlook.
“In spite of global economic turmoil, high prices for agricultural products, minerals and oil are likely to continue. Canada’s prairie cities will reap the benefits of this global demand for commodities,” said Mario Lefebvre, Director, Centre for Municipal Studies.
“The outlook is not as promising for cities in central and eastern Canada. The uncertain global economy, a continued slow recovery in the manufacturing sector and the windup of fiscal stimulus introduced by governments in recent years will hamper overall economic growth.”
Saskatoon is expected to grow by 4.0 percent, Calgary by 3.6, Edmonton 3.4 and Regina 2.9.
