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This article was published 28/5/2015 (1029 days ago), so information in it may no longer be current.
Manitoba’s economy will be among the strongest in Canada this year and next, says a new economic forecast.
The Conference Board of Canada released its latest provincial outlook this morning and said Manitoba real gross domestic product will grow by 2.8 this year and again in 2016, when Manitoba will lead all provinces. This year, Manitoba is expected to post the second-strongest economy, behind British Columbia.
The decline in oil prices is depressing the economies of several provinces, making Manitoba’s steady growth appear stronger. And, said the conference board, the province will see a 6.1 per cent growth in construction and a farm rebound that will boost disposable income.
Canada’s economy will grow by 1.9 per cent this year, a figure the Conference Board of Canada called “underwhelming.”
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