Vancouver expected to post best economic growth of any Canadian city in 2010
Vancouver's the top economic performer among Canadian cities this year
The Olympic effect will give Vancouver's economy enough of a boost to make it the top economic performer among Canadian cities this year, according to a report Wednesday by the Conference Board of Canada.
The Conference Board forecast that Canada's third-largest city will see economic growth leap by 4.5 per cent this year, after shrinking 1.8 per cent in 2009.
Vancouver's gold-medal performance is expected to easily better that of Toronto, projected to post the second-best performance with 3.5 per cent growth in 2010, followed by Kitchener, Ont, forecast to claim the bronze with 3.3 per cent growth.
In addition to the boost provided by the Olympic Winter Games, housing construction and consumer spending are forecast to rebound strongly in Vancouver, the think-tank said.
Full article at Canadian Business Online