Ontario set to lead the economy in 2015 says TD Bank
With the decline in the energy and raw materials sector it will be Ontario that leads the nation’s economy in the coming months. That’s the finding of a report by TD Bank which predicts growth in Ontario of 2.5 per cent with BC at 2.4 per cent and Alberta on 2.3 per cent. The bank says that interest rates are likely to stay low it says as a slowdown will curb inflation concerns. There are concerns though about the housing market in Alberta; the report notes that oil workers make up a fair chunk of those in the market and may be under pressure in the coming months along with other parts of the economy that rely on the industry.