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Thursday, January 28, 2010

Economic Growth Report Results

A report conducted by CIBC on the state of provincial economys shows the Maritimes will unlikely repeat the success of 2009.

The report states economic growth in the Maritimes will not like outperform other provinces like it did weathering the economic downturn, and any gains will likely be insignificant.
CIBC is predicting New Brunswick will appear more attractive to industry due to lower power rates, and tax cuts, but sectors like forestry and business services will suffer do to some capital investments being put off.
Saskatchewan will lead in economic growth with a 3 per cent gain. New Brunswick is looking at a 2.2 per cent gain, and the slowest expansion comes from PEI at 1.8 per cent.