Most of Canada’s medium-sized metropolitan areas are in line for modest improvement in their economies this year according to the Conference Board of Canada. Its Metropolitan Outlook expects all 15 cities covered in the report to see positive economic growth in 2015 with Kitchener-Cambridge-Waterloo, Abbotsford-Mission and Moncton boasting the fastest growing economies. Meanwhile St. John’s, Newfoundland, is expected to post the weakest growth rate at 0.5 per cent.
“The economic recovery in many of Canada’s medium-sized metropolitan areas has been slow since the 2008–09 recession ended,” said The Conference Board’s Alan Arcand, “Although activity is improving, as both a weaker Canadian dollar and a solid U.S. economy foster a gradual recovery in manufacturing, economic growth will remain modest and downside risks persist.”
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