Economic outlook predicts less than 1% growth for Niagara
Niagara Economic Development research analyst says outlook may be brighter than Conference Board of Canada suggests.
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Niagara Economic Development research analyst says outlook may be brighter than Conference Board of Canada suggests.
The economic foundation in Niagara remains solid and is positioned favourably compared to the rest of Canada, says the Region's manager of economic research and analysis after looking at the consumer price index (CPI), gross domestic product (GDP), salaries and wages, income, housing prices, retail sales, investment in building construction, international trade, business counts, and labour.
Fewer farms and farmland are in production, but the agricultural GDP impact has increased by 21 per cent, report for Regional council’s planning and economic development committee says. Greenhouse operators are also growing, utilizing scale, and expanding.
“We are seeing a massive amount of industrial investment right now”
“We are seeing a massive amount of industrial investment right now”