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West Leads East in Canada Growth

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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