Oshawa CMA anticipates major GDP growth in city
Posted on April 20, 2021 by oshawaexpress in BUSINESS, CITY, NEWS
Oshawa is expected to see a rebound in gross domestic product (GDP) growth in the Oshawa Census Metropolitan Area (CMA).
The Conference Board of Canada is anticipating GDP growth of 5.2 per cent this year, and 4.7 per cent in 2022, according to the Winter 2021 Major City Insights Report.
The report also anticipates that manufacturing output in the Oshawa area will rebound by 8.2 per cent in 2021 and 8.5 per cent in 2022, while construction output will rebound by 6.8 per cent in 2021 and 4.3 per cent in 2022.
Regional and City Councillor Tito-Dante Marimpitri, chair of the development services committee, says this is positive news for Oshawa that points to solid job and growth projections in the community.
Oshawa leading population growth, ranked a “best city” amid pandemic
Posted on February 8, 2021 by oshawaexpress in CITY, NEWS
Oshawa is becoming known as one of the fastest growing cities in the country.
According to Statistics Canada, the Oshawa Census Metropolitan Area (CMA) is leading the country in population growth.
Oshawa saw a 2.1 per cent population growth rate last year, followed by Halifax and Kitchener-Cambridge-Waterloo both at two per cent.
A CMA is defined as an area consisting of one or more neighbouring municipalities with a 100,000 population, situated around a core of at least 50,000. The Oshawa CMA includes Oshawa, Whitby and Clarington.
Oshawa, Ont , one of the fastest-growing areas in the country, according to Statistics Canada sootoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sootoday.com Daily Mail and Mail on Sunday newspapers.