An Important Economic Forecast from the Ministry of Pointing Out the Obvious

Canadian Business Online: Economic growth will ease in West; Halifax to stand out in East: report
April 10, 2007 - 9:36 a.m.
OTTAWA (CP) - An economic think-tanks predicts Western Canadian cities won't grow as fast as they did last year, but it says the west will still boast six of the country's eight fastest growing metropolitan areas in 2007.
The Conference Board of Canada's metropolitan outlook predicts Calgary and Edmonton will outpace growth in all Canadian cities for the fourth straight year.
It says growth among urban areas in Central Canada and for cities in the Atlantic provinces remains muted, with the exception of Halifax.
Calgary's real gross domestic product is forecast to grow by 4.2 per cent in 2007, while Edmonton's economy is expected to expand by 3.7 per cent - both buoyed by strong growth in the energy sector, along with non-residential construction and retail sales.
The board says the Halifax economy is rebounding on the strength of service-sector growth and a recovery in manufacturing output after posting its strongest growth rate in four years last year, at 2.6 per cent.
The board predicts the Halifax economy will expand by an even faster rate of 2.9 per cent in 2007, tying Saskatoon and Vancouver as the third-fastest growing city.

Really, I don't know what I would do without hardworking researchers dilligently working away to deliver news like this.

Okay, that was unfair. Good news for Halifax though. Obviously the maritimers there who haven't all moved here are still working hard.

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