Slower Economic Growth for Canada’s Small & Mid-Sized CitiesJune 25, 2008
The Conference Board of Canada has released its Summer 2008 Metropolitan Outlook, a ranking of the economies of small and mid-sized census metropolitan areas (CMAs). The report finds that all small and mid-sized CMAs except Thunder Bay and Saguenay will experience slower growth this year. The cause for the economic slowdown is blamed on the high Canadian dollar, a sluggish US economy, layoffs and production cuts in the automotive sector, weaker service sector activity, and manufacturing and construction sector losses. Read the news release or download the report.