EconomicGrowth posts

Toronto may be the economic engine of Canada and Vancouver showered with accolades about its lifestyle offerings, but Winnipeg is the Canadian city that will be the talk around the watercooler.

This prairie city is on a roll - the recent CIBCWM Canadian Metropolitan Economic Activity Index survey chose Winnipeg as the number three in the country with strong economic growth, ahead of Regina and Montreal.

So what's makes Winterpeg a municipality that has its economic mojo? According to the CIBCWM survey, which has been tracking 25 major Canadian cities for over 10 years, its a combination of a city's profile: population growth, unemployment rate, bankruptcy and housing starts and resales.

So what else is alluring about Winnipeg to the financially-savvy?

It turns out that Canada's economy is in much better shape than previously thought, causing economists to bring forward their predictions of an interest rate hike.

"The recovery in Canada is proceeding slightly faster than expected, and there is more evidence of the anticipated rebalancing of demand," Canada's central bank governor Mark Carney said in a statement Tuesday.