Overviews: What people are saying about Manitoba's Economy

MB Budget 2007 MB Budget 2006 Economic Highlights Economy

• “Healthy growth in the goods-producing industries will generate positive spill-over effects for the service sector over the near term. This will result in overall real gross domestic product (GDP) growth of 2.9 per cent and 3.4 per cent in 2007 and 2008 respectively.” Conference Board of Canada Provincial Outlook, March 2007

• “Non-residential construction sites in Manitoba are experiencing the fastest growth among the provinces.” Global Insight Economic Outlook – Provinces Overview, November 2006

• “Led by a strong performance in agri-food and industrial goods, Manitoba’s export growth is among Canada’s best.” Export Development Canada, November 2006

• “Broad-based strength is lifting provincial GDP growth.” Global Insight Economic Outlook – Provinces Overview, November 2006

• The province is enjoying a solid expansion in 2006, where a 3%-plus real GDP advance is now anticipated . . . With major capital outlays ramping up, the investment backdrop will remain healthy going forward. CIBC World Markets Provincial Forecast, October 2006

• “Manitoba has managed to meet its fiscal targets over the past several years while continuing to make contributions to its debt retirement fund and to address pension obligations.” Moody’s Investors Service, August 2006

• “In Statistics Canada’s investment intentions survey, Manitoba had the highest expected increase in construction expenditures in the country, at 24.1%.” BMO Economics, July 2006

• “Manitoba’s domestic economy put in a strong performance in 2005, with final domestic demand advancing 3.4%.” BMO Economics, July 2006

• “Sound fiscal management and a diversified economy will contribute to solid real growth” RBC Economics, March 2006

• “Altogether, a well-diversified economy and sound fiscal management have allowed Manitoba to record a steady stream of surpluses, put the debt burden on the downtrend and introduce new tax cuts.” TD Economics, March 2006

• “Manitoba has a relatively stable economy, supported by one of Canada’s most diversified business mixes, declining dependence on primary sectors, below average dependence on foreign trade, and one of the lowest unemployment rates in the country.” Dominion Bond Rating Service Credit Rating Report, April 24, 2006.

• “Manitoba’s diversified economy runs the gamut of key Canadian industries, including mining, hydro, grain, agri-food, manufacturing, services and life sciences. This diversification helps to moderate economic swings, making the province a steady performer.” Scotiabank Group Provincial Pulse, February 2006

• “Manitoba’s investment grade rating is based on sound fiscal policy that has helped the province to realize considerable improvements in its debt position over the past several years.” Moody’s Investors Service, August 2005

• “. . . one of the steadiest and most diversified economies, . . .” RBC Financial Group, March 2005

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