18°c Partly cloudy
6°c Clear
Winnipeg Free Press - ONLINE EDITION
Province's economic growth still second only to Alberta's
A big rebound in agriculture, with strong growth in mining, manufacturing and construction, is expected to keep Manitoba's economy humming in 2012. (TIM SMITH / BRANDON SUN ARCHIVES)
WINNIPEG — Manitoba’s economy is still on track to post the second-strongest growth in the country this year, the Conference Board of Canada said today.
In its summer provincial outlook report, the Ottawa-based think-tank said it still expects the Manitoba economy to grow by 2.9 per cent this year in spite of weakening growth in emerging markets, Europe’s fiscal and economic woes, and sluggish growth in its main export market — the United States.
The only province it thinks will do better is Alberta, with anticipated growth of 3.8 per cent.
The board said a big rebound in the agriculture sector, coupled with strong growth in the mining, manufacturing and construction industries, should keep the Manitoba economy humming in 2012.
However, growth is expected to slow to 2.4 per cent — fifth-best among the provinces — in 2013, the board said. In its spring report, it had forecast growth of 2.6 per cent for 2013.
The board said while the agriculture sector should have another good year, its growth will be more muted than this year — 4.1 per cent versus 10 per cent.
murray.mcneill@freepress.mb.ca
More Latest News
- Back to Top
- Return to Latest News
More Latest News
(1 of 35 articles for today)
On leave-taking, Carney came to praise Canadian system and offer some advice
1:39 PM 0
Poll
Most Popular Latest News
- 87-year-old woman tells jurors, 'Somebody had to stand up to' Donald Trump
- Rainfall warning issued for southern Manitoba
- Male facing charges after gun fired in Exchange District
- Harper expected to speak to Tory caucus Tuesday in wake of Senate scandal
- Emergency crews pull man from submerged vehicle
- Ray Manzarek, keyboardist and founding member of rock group The Doors, dies at 74 from cancer
- Power restored to Linden Woods after goose collides with lines
- Massive tornado roars through Oklahoma City suburb, killing at least 51
- Tornado leads CBS to pull season-ending episode of 'Mike & Molly'
- A gay kiss for Archie Comics' Kevin Keller is also a poke at real life controversy
- Seattle man dribbling soccer ball to Brazil killed by car on Oregon Coast
- 87-year-old woman tells jurors, 'Somebody had to stand up to' Donald Trump
- Aboriginal leader Elijah Harper dies
- Woman killed in head-on crash in southwestern Manitoba
- Horrific crash kills minivan driver near Brandon
- Charleswood deaths being investigated as domestic incident
- News of city's $17-million winner leaks out on FB
- Crushing blow for amateur sport
- US woman credits 'mother's instincts' in chase of 4-year-old daughter's abductor
- Flood victim gets six years for shotgun threat, attack
- Seattle man dribbling soccer ball to Brazil killed by car on Oregon Coast
- Driver crashes into tree near golf course
- Arrests made after raids on local head shops
- 87-year-old woman tells jurors, 'Somebody had to stand up to' Donald Trump
- Aboriginal leader Elijah Harper dies
- News of city's $17-million winner leaks out on FB
- Passengers from diverted flight to leave Winnipeg Thursday night
- No threat from bag found at Winnipeg Square
- Susan Griffiths dies in Switzerland
- Woman killed in head-on crash in southwestern Manitoba
- Police make grow-op bust
- Skin picking gets status as distinct disorder, should help sufferers access help
- Nearly 10 years after devolution, Southern Authority hasn’t created its own standards
- Man charged, victims identified in double homicide
- The rail riders' riot
- Power restored to Linden Woods after goose collides with lines
- Man breaks world record by riding Ferris wheel at Chicago's Navy Pier for more than 48 hours
- Tornado leads CBS to pull season-ending episode of 'Mike & Molly'
- Aboriginal leader Elijah Harper dies
- Marsh Madness: Photographers Fred Greenslade and Joe Bryksa capture spring migration's grandeur at Delta Marsh
- Prominent Canadians back petition to rename Victoria Day to honour aboriginals
- Horrific crash kills minivan driver near Brandon
- Uganda: Blessed are the children
- Province removing red tape in alcohol sales
- Animals are animals, new ads say
- Skin picking gets status as distinct disorder, should help sufferers access help
- New website profiles neighbourhoods of Winnipeg
- Crushing blow for amateur sport
- Aboriginal leader Elijah Harper dies
- Dogs can experience separation anxiety and depression just like humans
- Paul McCartney to play Winnipeg Aug. 12
- Ontario steps in to help save ELA
- Saskatchewan professor wants to test the health benefits of nose-picking
- 'Revenge of the redheads': Ginger-haired Montrealers gather in celebration
- An uncommon phenomenon
- Passengers from diverted flight to leave Winnipeg Thursday night
- Hundreds pitch in to dig out houses damaged, destroyed by Ochre Beach ice floe
- Retail sales in province see 2 per cent increase in February
Ads by Google
You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is register and/or login and you can join the conversation and give your feedback.
Have Your Say
New to commenting? Check out our Frequently Asked Questions.
The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.