Calgary reclaiming lead role in Canadian economy

” … It may not feel like the heady days of 2007, but Calgary is set to take back its spot as the nation’s leader in economic growth.

That’s according to a Conference Board of Canada report Wednesday which predicts that, after being battered and beaten in 2009, Calgary’s economy will be the country’s growth leader from 2011 to 2014.

Ron Quigley, founder and president of Gunnar Manufacturing Inc. in Calgary, said he didn’t need an economic report to tell him the city had turned the corner after 2009’s recession.

“I see very positive things as we move forward,” he said. “This year has been dramatically better than, say, last year. . . . I think with the rebalancing of the royalties in Alberta, that’s helped an awful lot.”

Natural resources remain an ace up the province’s sleeve, Quigley said.

“Let’s face it, we’ve been blessed in this province with energy and agriculture and tourism, mining — just about everything.”

The conference board said Calgary suffered last year, with the effects of the global financial crisis resulting in real gross domestic product declining 4.5 per cent.

The board said Calgary’s economy will rebound this year with 3.5 per cent growth, then average 4.2 per cent growth each year from 2011 to 2014. …”

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