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News from Smarthomeowners

TORONTO: An economic outlook from Scotiabank says Ontario will see considerably slower economic growth in 2011, underperforming resource-rich areas of the country.

Ontario's economic growth is expected to ease back to two per cent next year, down from about 3.5 per cent this year.

Quebec's growth rate will be slightly lower than Ontario's next year at an estimated 1.9 per cent.

Alberta will lead the country with growth of 3.5 per cent followed by Saskatchewan at 3.3 per cent.

Canada's easternmost province is expected to be near the top of the pack due to the strength of iron ore and nickel.

Newfoundland and Labrador is expected to see growth of 3.1 per cent this year and next, ahead of Nova Scotia and P.E.I and 1.9 per cent and New Brunswick at two per cent.

 

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