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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Canada's Western Provinces Booming, Conference Board Says

Wednesday, February 29, 2012 > 09:47:33
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(CTV News – The Canadian Press)


A Conference Board report says Canada's booming Western provinces have been unfazed by an economic slowdown hitting the rest of the country.  The think tank's most recent provincial outlook predicts the demographic and economic clout of Saskatchewan, Alberta and B.C. will continue to grow.  It says those provinces are a magnet for new Canadians, lured west by job prospects in the resources industries, as indicated in the recent Census data.


The Conference Board suggests strong commodity prices will continue to boost the Western economies over the next two years.  It projects that economic growth in those provinces will be a full percentage point stronger than in the rest of the country this year and next.


The Canadian economy is forecast to post real gross domestic product growth of 2.1% in 2012.



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