Ottawa, Ontario, Sept. 17, 2019 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE
OTTAWA, September 17, 2019 (Globe Newswire) ? Increasingly, mid-sized cities rely on diverse sectors and industries for stability and growth. Today's release of Canada's Mid-Sized Cities Outlook provides insight into the economic drivers across seven featured cities.
"With the upcoming federal election, it's important to understand the role that these smaller centres play as regional economic hubs", says Alan Arcand, Associate Director of Municipal Studies at The Conference Board of Canada. "It's worth noting what drives growth and sustainability, and how government policy can influence economic outcomes."
Leading the way in growth is Lethbridge, Alberta. Lethbridge's economy has fired on all cylinders over the past two years, expanding by 5.8 per cent in 2017 and by 5.1 per cent in 2018. A moderate but steady economic growth of 2.6 per cent is expected in 2019 and 2.7 per cent in 2020.
About the report
The report provides information about the recent economic history, as well as a two-year economic forecast, for seven featured cities: Sault Ste. Marie, Brandon, Moose Jaw, Lethbridge, Red Deer, Chilliwack, and Prince George.
Sault Ste. Marie
This report also includes a summary of the Conference Board's economic forecasts for Canada and for each of the provinces that is home to the seven featured cities.
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Michelle Rozon | Erin R. Brophy
The Conference Board of Canada