City's economy on rebound, CIBC says

[PoscStudent]

WINDSOR, Ont. -- A CIBC report released Wednesday says the Canadian manufacturing industry is on the rebound, and singles out Windsor as a city that is starting to fare well.

"Windsor was really suffering during the recession, which was a manufacturing-based recession," said Benjamin Tal, deputy chief economist with CIBC World Markets. "But we are now starting to see a revival in the manufacturing sector.

"It is a manufacturing sector that is leaner and more efficient. That is very positive news for communities like Windsor."

Tal said not only is the manufacturing sector picking up, so is the economy in general, which bodes well for the tourism industry.

. . .

Read more: http://www.windsorstar.com/business/...#ixzz1B2tMSWqe



Here is the report: http://research.cibcwm.com/economic_...ro_monitor.pdf

Each cities report: http://research.cibcwm.com/res/Eco/ArEcoMEA.html

[vid]

They said something similar about Thunder Bay, too...

We're like Pittsburgh in the 1990s: We've lost everything worth losing, so there is nowhere to go but up. It's why this city did so well in the recession; we had already been in one for two decades.

[Blitz]

200 more new jobs announced today with the building of a hangar at Windsor Airport to open next year. Things are turning around.

[Highinthesky]

Did Thunder Bay actually do well in recession or did the rest of the country just slow to Thunder Bay's pace?

[PoscStudent]

Rankings of cities.


http://research.cibcwm.com/economic_...ro_monitor.pdf

[WhipperSnapper]

WoW. The FIRST offshore office. I guess they hit some road blocks with London and New York.

[vid]

Originally Posted by Highinthesky

Did Thunder Bay actually do well in recession or did the rest of the country just slow to Thunder Bay's pace?

We're doing ok. Most of the jobs that could be lost were lost before the recession, so through the whole thing we've seen more businesses open, more houses built and sold (we're one of a few housing markets that has been growing through the whole thing) and things are looking pretty good for the future. We're not booming but compared to 2005 to 2008, we're doing better over the past couple years.

The rest of the country slowing down helped, though.

[SpikePhanta]

Originally Posted by caltrane74

Secondly: Toronto has the worlds largest Chinese population outside of Asia..

Vancouver has 402,000 people that are chinese
Toronto has 283,075.
(all 06 census.)

But toronto has more east indians though.

[caltrane74]

Originally Posted by SpikePhanta

Vancouver has 402,000 people that are chinese
Toronto has 283,075.
(all 06 census.)

But toronto has more east indians though.

I'm pretty sure there are more chinese living in Markham and Richmond Hill combined than there are chinese in the entire Lower Mainland.
The numbers you must be quoting are for the city of Toronto Proper.

[someone123]

As of the 2006 census the Toronto CMA has 486,330 people declared as Chinese (10%) and the Vancouver CMA has 381,535 (18%).

[RTD]

This thread is getting petty and disgraceful, all thanks to a certain forumer's constant yammer that, in his opinion, Toronto is the best thing to happen to us Canadian, superior to the rest of the country (which doesn't exist to him anyways) and how we should all bow down to him and his city.

He takes regional boosterism to a whole new annoying and degrading level.

[caltrane74]

Guy, dont be down. Celebrate. This is good news for the entire country. China has chosen canada above all, to be their north american point of entry for all investments.

Forsure there'll be some spin off to Winnipeg, and even Hamilton too!

[caltrane74]

Chinas economy will be the driver for growth globally around the world this century. The less we rely on the united states, the better off we'll be. China sees the potential and has the capital to back it up.

And whilst the United States dost pure antagonism to China, we treat them with due Respect.

[Doady]

Originally Posted by RTD

This thread is getting petty and disgraceful, all thanks to a certain forumer's constant yammer that, in his opinion, Toronto is the best thing to happen to us Canadian, superior to the rest of the country (which doesn't exist to him anyways) and how we should all bow down to him and his city.

He takes regional boosterism to a whole new annoying and degrading level.

And speaking of taking regional boosterism to a whole new annoying and degrading level...

[Bdog]

Regardless, China is still heavily reliant on the US as market for all their products. Until China develops their internal market (and until we do), they still need the US consumers to buy up all their goods (just as we do)...

[caltrane74]

Originally Posted by Doady

And speaking of taking regional boosterism to a whole new annoying and degrading level...

too funny.

[Cambridgite]

Originally Posted by PoscStudent

Rankings of cities.


http://research.cibcwm.com/economic_...ro_monitor.pdf

Montreal on top? Never would've guessed.

*ducks*

[PoscStudent]

Originally Posted by Cambridgite

Montreal on top? Never would've guessed.

*ducks*

I think because some cities were hit harder by the recession than others is why certain cities are high on the list.

The charts with housing starts for instance shows a big decrease for St. John's over the last two years but we saw a really high number of starts during the recession. Housing starts are still doing better then they had for years but there has still been a decrease. Again when you look at the average MLS prices, St. John's and Vancouver increased about the same but St. John's didn't decrease during the recession while Vancouver did.

[vid]

Housing starts reached a 6 year high in 2010, passing 200 starts for the year for the first time since 2004. The average housing price in my area has gone up a fair bit over the past two years. Remember the $13,000 house? It would cost over $20,000 today!!

[Xelebes]

Keep this thread on topic. This thread is about the surge in the manufacturing sector and the effect on various cities.