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Monday, September 19, 2011

Saint John To Get Visit From Bank Of Canada Governor

The Governor of the Bank of Canada Mark Carney will be in town tomorrow talking about the economy.

There are predictions we will continue to see a slowdown, especially in construction activity. Pat Darrah of the Saint John Construction Association claims the slowdown is already happening and Saint John M-P Rodney Weston describes the state of the economy as being fragile.

Steve Carson of Enterprise Saint John tells CHSJ News growth will be more modest over the next few years but the city is not likely to see any big decline. Carson points out the Saint John economy has diversified significantly in the last decade or two with tremendous growth taking place in health sciences and information technology.