Accessibility/Mobile Features
Skip Navigation
Skip to Content
Editorial News
Classified Sites

Brandon Sun - PRINT EDITION

City's economy expected to grow 2.5% this year: report

The next two years are looking good for Brandon, economically speaking.

According to a new report by the Conference Board of Canada, the economy in Brandon is forecast to grow 2.5 per cent in 2013, followed by 2.7 per cent growth in 2014.

However, it wasn't all rosy news.

The report also reveals that Brandon’s economy hasn’t fully escaped the economic doldrums of the past few years. In the four years since the beginning of the global financial crisis in 2008, Brandon’s economy shrank a total of 1.6 per cent.

The report, the Mid-Sized Cities Outlook 2013, is the first in what will be an annual look at smaller urban centres across Canada.

The CBA looked at 46 mid-sized centres across the country with a particular focus on eight — including Brandon.

Overall, the economic picture is mixed. Nearly half of the 46 communities still haven't recovered from the recession.

“The employment picture has been uneven among Canada’s mid-sized cities over the past decade or so. A total of 21 cities have yet to see their employment levels return to pre-recession levels,” said Mario Lefebvre, director of the CBA’s Centre for Municipal Studies. “This is a troubling turn of events, given that these mid-sized cities play an important role as economic engines in their respective regions.”

Most mid-sized cities were enjoying great economic success before the 2008-09 global recession. However, 29 of the 46 mid-sized cities posted negative economic growth on an average annual basis in 2008 and 2009. The recession was particularly painful for mid-sized cities in Ontario, where the economies contracted in all 11 mid-sized cities. In contrast seven of the 10 mid-sized cities in Atlantic Canada bucked this trend during the recession.

Fortunately for most mid-sized cities, economic growth resumed in 40 of 46 cities in 2010. But the recovery was short-lived for many; 13 posted average annual negative economic growth between 2011 and 2012.

» Brandon Sun

Republished from the Brandon Sun print edition May 7, 2013

  • Rate this Rate This Star Icon
  • This article has not yet been rated.
  • We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high. If you thought it was well written, do the same. If it doesn’t meet your standards, mark it accordingly.

    You can also register and/or login to the site and join the conversation by leaving a comment.

    Rate it yourself by rolling over the stars and clicking when you reach your desired rating. We want you to tell us what you think of our articles. If the story moves you, compels you to act or tells you something you didn’t know, mark it high.

Sort by: Newest to Oldest | Oldest to Newest | Most Popular 0 Commentscomment icon

You can comment on most stories on brandonsun.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.

There are no comments at the moment. Be the first to post a comment below.

Post Your Commentcomment icon

Comment
  • You have characters left

The Brandon Sun does not necessarily endorse any of the views posted. Comments are moderated before publication. By submitting your comment, you agree to our Terms and Conditions. New to commenting? Check out our Frequently Asked Questions.

The next two years are looking good for Brandon, economically speaking.

According to a new report by the Conference Board of Canada, the economy in Brandon is forecast to grow 2.5 per cent in 2013, followed by 2.7 per cent growth in 2014.

Please subscribe to view full article.

Already subscribed? Login to view full article.

Not yet a subscriber? Click here to sign up

The next two years are looking good for Brandon, economically speaking.

According to a new report by the Conference Board of Canada, the economy in Brandon is forecast to grow 2.5 per cent in 2013, followed by 2.7 per cent growth in 2014.

Subscription required to view full article.

A subscription to the Brandon Sun Newspaper is required to view this article. Please update your user information if you are already a newspaper subscriber.

letters

Make text: Larger | Smaller

Election 2014
Brandon Sun Business Directory
The First World War at 100
Why Not Minot?
Welcome to Winnipeg

Social Media