VICTORIA, BC — The Conference Board of Canada released its Winter 2010 forecast today, outlining their expectations for Greater Victoria and 26 other Canadian municipalities. The report forecasts that our regional economy performed much better than most of Western Canada in 2009, and is predicting growth of 2.8% in 2010.
“Led by stronger wholesale and retail trade and a rebound in the “FIRE” (Financial, Insurance and Real Estate) sector the conference board is anticipating an average growth rate of 2.6% over the next three years,” said Sasha Angus, Economic Development Officer. “This bodes well for our economy going forward. The region’s economic challenges over the past year highlight the ongoing need to invest in diversifying our economy and marketing our advantages to the rest of the world to maintain household-sustaining jobs for our citizens.”
The Greater Victoria Development Agency is an industry led organization representing the major industries and academic stakeholders of the region. The GVDA seeks to ensure that Greater Victoria remains a vibrant place to live, work and invest. An important mandate of the Greater Victoria Development Agency is to further strengthen economic conditions throughout our region by encouraging new investment and business from across North America and the world.
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