Steady pace pays off

May 19, 2015

Winnipeg's classic steady-growth economy is sometimes enough to get ahead of the pack.

The Conference Board of Canada's latest metropolitan forecast shows Winnipeg is expected to have the strongest growth rate of any city in Western Canada -- not counting Vancouver -- in 2015 at 2.5 per cent.

The Ottawa think-tank credits a strong services sector, an increase in non-residential construction and a manufacturing sector that's expanding faster than the national average.

Modest growth is expected in Regina and Saskatoon and declines in Calgary and Edmonton are attributed to the slump in oil prices.

"Winnipeg is the only Prairie city in our forecast to see its economic fortune improve this year," said Alan Arcand, associate director of the board's Centre for Municipal Studies.

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