Manitoba expected to lead all provinces in economic growth in 2008
OTTAWA, March 11 /CNW Telbec/ - Manitoba's economy is forecast to expand by 3.7
per cent for the second consecutive year, making it the fastest-growing
provincial economy in Canada in 2008, according to the Conference Board's
Provincial Outlook - Winter 2008.
"Boosted by ongoing construction projects, robust domestic spending and
an optimistic outlook for manufacturing, the Manitoba economy is firing on all
cylinders. Its neighbour, Saskatchewan, is also poised for another year of
strong growth," said Marie-Christine Bernard, Associate Director, Provincial
Outlook. "In central Canada, the sombre U.S. outlook will present a challenge
for both Ontario and Quebec, but neither province is expected to slide into a
recession."
In spite of the slowing U.S. economy and the high Canadian dollar, the
well-diversified manufacturing sector in Manitoba is being fuelled by large,
lucrative orders for buses and aircraft parts. As a result, manufacturing in
Manitoba is expected to grow by an average of 5.5 per cent over the next two
years, two percentage points higher than the national average.
Saskatchewan's economy is also booming, with growth of 3.6 per cent
expected in 2008-slightly below the province's 2007 pace. High commodity
prices are driving mining activity and boosting construction projects. In
addition, new migrants are bolstering Saskatchewan's domestic economy.
Alberta's economy is cooling down, due to a five-year low in drilling
activity, combined with weaker gains in retail sales and lower population
growth. But the service sector is still anticipated to grow strongly, boosting
overall economic growth to 3.3 per cent in 2008.
Weakness in the United States is cause for concern for British Columbia's
forestry and manufacturing sectors, but the province's domestic economy
remains strong enough to produce real GDP growth of 3.1 per cent this year.
The weakening trade balance will continue to erode bottom-line growth in
Ontario and Quebec, and more manufacturing layoffs are expected. Still,
healthy capital spending and decent income growth will support Ontario's
economy, producing growth of 2.1 per cent in 2008. The domestic economy in
Quebec is even more of a pillar of growth, thanks to federal and provincial
tax cuts that will boost consumption. As a result, Quebec's real GDP is
forecast to grow by 2.4 per cent. Both provinces can expect better
performances in 2009.
In Nova Scotia, new private investment in capital projects and stronger
manufacturing prospects should add to a vigourous service sector, producing
growth of 2.6 per cent this year. New Brunswick will benefit from strong
mining and construction activity - offsetting difficulties in the forestry
sector - to produce growth of 2.2 per cent in 2008. Following a hiring boom in
2007, Prince Edward Island's economy will increase by a modest 1.9 per cent
this year, although tax reductions over the past 10 months will support income
growth.
After growing by 7.3 per cent last year, Newfoundland and Labrador will
post growth of just 1.5 per cent in 2008, due to a decline in oil production.
http://www.newswire.ca/en/releases/archive/March2008/11/c2802.html
Stumble It!
This province has a lot going for it though, including looking forward to the future instead of clinging to nineteenth century technology.
Companies such as Winnipeg-based New Flyer Industries Inc., the biggest maker of heavy-duty transit buses in North America, and Boeing Co., which makes composite plane structures and sub-assemblies at a facility in Winnipeg, are leading the manufacturing activity. "
Sounds like nouveau technology to me....
what do they plan on running all those vehicles with.....hydrogen
New Flyer....Calgary Transit is one of its biggest customers out here in PC country
Our manufacturing sector is driven by an abundant supply of cheap, clean electricity. We are investing in more hydro, as well as wind power, and having a hard look at solar as well.
Boeing is an aerospace company...that's pretty advanced technology.
We also make some of the best windows and doors on the planet.
We'd be further ahead in tele-communications technology too, but Filmon auctioned it off to the lowest bidder, then privatised MTS.
Actually some of the New Flyer buses do run on hydrogen. Some of those can also act as generating stations in case of a civic emergency. Others run on electricity or eco-diesel. They build to the customer's specifications. These are advanced machines, incorporating all of the latest technology.
Our manufacturing sector is driven by an abundant supply of cheap, clean electricity. We are investing in more hydro, as well as wind power, and having a hard look at solar as well.
Boeing is an aerospace company...that's pretty advanced technology.
We also make some of the best windows and doors on the planet.
We'd be further ahead in tele-communications technology too, but Filmon auctioned it off to the lowest bidder, then privatised MTS.
One model flyer runs on hydrogen....how many of those have they sold
Alberta has 10 wind farms in the country its about time Manitoba tried to catch up since they only have 2.
All those buses and tractors run on what kind of fuel....from where?
Where do you think those windows and doors are going to end up?..I'll give you a hint...starts with a C ends with a y...you can thank us later
Those buses run on whatever the customer wants. A lot of them, from Flyer and Motorcoach, are electric and run on overhead lines. They run run on bio-diesel. The run on regular diesel.
The windows and doors get sold all over the world. A lot of them get sold right here in Manitoba.
If you knew about anything outside of Calgary, you'd understand that Alberta is not the centre of the universe. You guys sound a lot like Toronto did in the seventies and eighties...not the image any sane person would want to portray to the world.
We've had hydro for decades, MTBR. We produce surplus electricity and sell it south.
Those buses run on whatever the customer wants. A lot of them, from Flyer and Motorcoach, are electric and run on overhead lines. They run run on bio-diesel. The run on regular diesel.
The windows and doors get sold all over the world. A lot of them get sold right here in Manitoba.
If you knew about anything outside of Calgary, you'd understand that Alberta is not the centre of the universe. You guys sound a lot like Toronto did in the seventies and eighties...not the image any sane person would want to portray to the world.
I lived in Winnipeg when I was a kid...it hasn't changed much my mom was born in Portage le Praire my sister was born in the St Boniface Hospital.
My dad was a butcher at the old Canada Packers Plant on Archibald Street.
I also lived in Shilo and spent many summers at Grand Beach in the 70s and 80's while visiting my grandmother.
Anything else you would like me to tell you about Manitoba? kind of blew a hole in your Alberta stereotype didn't it.
If you were born here and lived here and actually paid attention to what was going on, you'd understand that a lot has changed and that change has been for the better. We have more jobs, and better jobs. The economy has been strong for a very long time, The environment has gotten better.
It's a far better place than it was. We don't really want to go down the road of ass-backwards hillbilly conservatism again.
Not at all. Lots of people were born here. You should have stuck around. It's changed immensely in the 20 years I've been here, mostly since Filmon got booted out in the midst of yet another Conservative election-fixing scandal.
If you were born here and lived here and actually paid attention to what was going on, you'd understand that a lot has changed and that change has been for the better. We have more jobs, and better jobs. The economy has been strong for a very long time, The environment has gotten better.
The mosquitoes are bigger and the snow is piled higher...
no thanks I like the mountains and the chinooks...and the economy.
The NDP will keep that place prosperous
The NDP have made this place prosperous. They did it without winning the oil lottery, and they did it without the insane rise in the cost of living that the rich parts of Alberta have seen.
give it a couple of years the unions will run it into the ground with their outrageous demands that the NDP will give in to.
the unemployment rate in Manitoba is the highest in the west...I see it even increased from January to February...seems to be heading in the wrong direction.
I am actually a social democrat, and was just mimicking the mantra that the nutbars in BC keep mumbling, even as the Campbell "government" puts this province further and further into the toilet. BTW -- "MTBR" is most likely a typo, and should be "NTBR" (but that is easy enough to do, what with 'm' & 'n' being next to each other on the keyboard)