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Diversity likely to keep Manitoba's economic growth strong: forecast

By: by Murray McNeill

Thursday, Jan. 17, 2013 at 10:55 AM | Comments: 0

The Manitoba economy will outpace the Canadian economy in 2013, with 2.2 per cent growth, according to the latest forecast from the Bank of Montreal.

The bank predicts Manitoba will tie British Columbia for the fourth-strongest economic growth rate among the provinces. It predicts Newfoundland and Labrador will lead the way, with a hefty 4.5 per cent growth, while Canada’s economy will expand by a more moderate 1.7 per cent.

The bank said the diversity of the Manitoba economy will once again serve it well, with the manufacturing, construction, agriculture and energy and mining sectors all contributing to the cause in 2013.

"Businesses are optimistic, as evidenced by the investments that are being made across various industries in Manitoba," added John MacAulay, the bank’s senior vice-president for the Prairies and Central Canada.

murray.mcneill@freepress.mb.ca

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