Edmonton’s economy to grow at slower pace

EDMONTON – The pace of Edmonton’s growing economy is still solid but slowing down, according to a new report by the Conference Board of Canada.

Real GDP for Edmonton in 2013 is expected to grow by 3.2 per cent, said the economic think tank’s Metropolitan Outlook 2013 released Wednesday. That’s down from 6.6 per cent in 2011 and 4.4 per cent in 2012.

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Prairies to lead country in economic growth this year

CALGARY — Saskatoon and Regina will be the fastest growing metropolitan economies in the country this year with Calgary and Edmonton also forecast to have some of the strongest growth rates in the country, according to the Conference Board of Canada.

In releasing its Metropolitan Outlook-Winter 2013, the board said those municipalities are not “booming” like they were prior to the prior to the 2008-09 recession.

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Heartland future looks good: AHIA

The future of the Industrial Heartland appears to be a bright one, as more than $20 billion in potential projects are expected to move forward in the next five years.

That’s according to Neil Shelly, the executive director of Alberta’s Industrial Heartland Association, who addressed attendees at the Sherwood Park and District Chamber of Commerce luncheon in December.

Shelly spoke to the growing investment in natural gas, an industry that the Conference Board of Canada (CBC) expects will surpass oilsands investment in the next 25 years.

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Edmonton winning economic battle with Calgary

EDMONTON – Edmonton’s economy and housing market have been improving and are outperforming Calgary on several fronts, according to an analysis from the Conference Board of Canada.

These yardsticks include faster economic and house price growth this year, along with more housing starts in four of the past five months. The city’s housing markets should remain buoyant, fuelled by healthy population advances, said Robin Wiebe, senior economist with the board’s Centre for Municipal Studies.

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