The Conference Board of Canada is predicting that Manitoba's agriculture sector will make a comeback this year.
Following a difficult year, the Board's Provincial Outlook Spring 2015 is anticipating growth in the ag sector of 5 per cent for 2015.
Manitoba's economic performance is expected to be one of the strongest among the provinces in 2015 and 2016 with real GDP growth of 2.8 per cent in both years.
"As a wind of change blows through the country thanks to the slide in oil prices, Manitoba will be one of the country's strongest economic performers until at least 2016," said Marie-Christine Bernard, Associate Director, Provincial Forecast. "Strong growth in construction, a rebound in agriculture, and stable domestic demand are expected to lift labour markets and increase disposable household income for Manitobans."
The weaker Canadian dollar, lower oil prices, and the clearing of grain shipment backlogs will lead to strong gains in the transportation and warehousing sector.
Source : SteinbachOnline