Area Development News Desk (10/12/2007)
Economic growth in the western provinces of Canada is far outpacing
that of the eastern provinces, according to a report by the Conference
Board of Canada. The organization's Metropolitan Outlook-Autumn 2007, which
reports on the economies of 13 of the larger Canadian census
metropolitan areas (CMAs), states that the western CMAs - Saskatoon and
Regina, Saskatchewan; Calgary and Edmonton, Alberta; Winnipeg,
Manitoba; and Vancouver and Victoria, British Columbia - will grow
faster for 2007 than all of the eastern CMAs - Québec City and
Montréal, Québec; Halifax, Nova Scotia; and Toronto, Ottawa-Gatineau,
and Hamilton, Ontario. According to the report, Saskatoon leads the
western CMAs with GDP growth of 4.7 percent, with Calgary close behind
at 4.4 percent. Toronto leads the Eastern CMAs with 2.7 percent,
followed by Québec City at 2.6 percent. The report cites continuing
growth in manufacturing sectors in the West for the disparity, along
with the strength of the Canadian dollar against the U.S. dollar, which
tends to weaken manufacturing demand and tourism in the East.
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