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OCTOBER 26, 2023 • WESTMAN BUSINESS • THE BRANDON SUN The projected economic growth is not limited to Brandon. The Conference Board of Canada anticipates a 2.5 per cent growth in Manitoba’s economy this year following a robust 4.2 per cent increase in 2022.
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ernment to get an action plan in place that will fix this issue. Water has also caused some issues,” she said. “We need to be able to supply water to new businesses for them to come to Bran- don. This is always a topic with the city to ensure that we are planning to be ahead of the game when opening Bran- don up to new business.” Cathcart also listed pandemic, in- flation as parts of the challenges faced by the business community in recent times. He said that numerous businesses in Brandon continue to grapple with the impact of the pandemic on their oper- ations, with the majority of them yet to fully return to their pre-pandemic levels. “Business resiliency is critical to managing through a crisis,” he said. “The pandemic, inflation, and even changes in labour market expectation around the nature of work have all come to bear to varying degrees on the business community.” As the city embraces its population growth and remains resilient in the face of economic challenges, these experts emphasized that Brandon is poised to maintain its status as a thriv- ing economic hub. » The Brandon Sun
However, in contrast to Brandon, Conference Board of Canada senior economist Richard Forbes suggested that the agricultural sector may not be the dominant force in the provincial economy. He noted that the Manitoba’s robust economic performance in 2022 reflected its resilience after enduring the severe impacts of the 2021 drought and the subsequent recovery in 2022. Forbes clarified that although there are some drought concerns in the Prai- rie region this year, with a focus on southern Saskatchewan and Alberta, there are promising signs for a strong crop yield in Manitoba. “The data in- dicates it will be a good year for the ag sector,” he said. “ Prices are still really, really high and there is good production expected from that industry.” Like other cities, not all is smooth sailing for Brandon. Pugh acknowl- edged challenges with hydro and water supply, adding that Manitoba Hydro has been the topic of conversation for the past few years as lack of capacity has prevented Brandon from being able to attract some larger businesses. “We have been working with the gov-
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