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9 Dec

BC & Ontario Poised For Canada’s Strongest Economic Growth In 2016

Posted by: Bonnie Hudson

Lower oil prices, alongside a continued slump in mining and metals, has weighted on growth. Oil-dependent provinces such as Alberta, Saskatchewan and Newfoundland and Labrador have seen their economies hardest hit. That includes a drop in housing activity. Meantime, the more diversified economies of Ontario and B.C. are picking up, and housing sales and prices continue to climb rapidly in Toronto and Vancouver. Will this mixed economic and housing picture continue in the months ahead? Dr. Sherry Cooper, Chief Economist with Dominion Lending Centres, offers her outlook on what Canadians can expect in 2016:

 

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