Manitoba has shown a steady economic growth in the recent months. Manitoba’s key economic strength is because of the stability they have shown in terms of development. According to the reports of Bank of Montreal (BMO), Manitoba’s economy is expected to grow by 2% in this year.
Winnipeg is Manitoba’s largest capital city. Winnipeg expects to offer 12,000 new jobs in the coming years. This news would attract a large number of immigrants to Manitoba. More employment opportunities will be created in the country, leading to further development of Canada on the whole. This would also pull down the jobless rate in the country.
Manitoba’s manufacturing sector is again on a mend after the recession in 2009. With the latest updates from BMO, the companies such as Boeing Canada are speeding up with the production process. Boeing’s Winnipeg is the largest aerospace manufacturer in the country. The company produces aeroplane parts for several commercial airplane models.
New Flyer Industries Inc. is Winnipeg renowned public transit bus maker in the city. The company received new orders for 513 buses this year, which is immense when compared to last years 90 orders. The changes will create employment opportunities in Manitoba.