TORONTO’S GROWTH RATE WILL ACCELERATE IN 2015 BY 2.8%, THE STRONGEST IN 5 YEARS

Toronto_by_neomThe Conference Board of Canada predicts a growth rate of 2.8% for TORONTO this year and 2.9% in 2016. This makes T.O. #5 out of 28 cities, a rise from 10th place in 2014. Unemployment is expected to fall to 7.8% from 8%.  The Pan Am Games will boost tourism, condo and new home construction will continue, and manufacturing should recover at an accelerating pace, the Board says.