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BMO Forecasts Job Boom for Winnipeg

July 17, 2013 12:53 PM | News

By Sarah Klein

BMOWinnipeg’s job market will be booming over the next three years, predicts BMO Economics.

A report released Wednesday says Winnipeg will see 12,000 new jobs created, dropping the jobless rate to around five percent by 2016.

“Manitoba’s diverse economy continues to grow at a steady pace,” said Robert Kavcic, senior economist with BMO Capital Markets in a release. “Real GDP growth, at 2.0 percent, is expected to remain above the national average. Stability remains one of Manitoba’s key economic strengths, and the city of Winnipeg is no exception.”

The report is the latest in a series of economic, housing and business overviews for various cities and regions across Canada that will be published by BMO throughout this year.