Toronto leads economic growth of Canadian cities on manufacturing sector condos

Toronto leads economic growth of Canadian cities on manufacturing sector, condos TORONTO – Toronto ranked as the fastest growing economy in the country last year, but a new study from CIBC suggests Canada’s biggest city will be hard pressed to maintain that growth trajectory.The report on the economic strength of major Canadian cities, released Thursday, found Toronto ranked tops amongst its peers in the first nine months of 2012, helped by a recovery in the manufacturing sector and a surge in condo sales.But those two factors could also be significant pressures on future growth in 2013.“The coming year… will pose a major challenge to the city’s ability to maintain its current economic momentum,” said Benjamin Tal, deputy chief economist at the bank.Tal said several factors could pressure Toronto’s growth, including a softening housing market, the end of many infrastructure stimulus projects by both federal and provincial governments and a slower pace of growth in the manufacturing sector.Toronto has held the peak position in the CIBC report for two years.The city’s growth momentum is partly from its broad economy, which covers many sectors, Tal said.“Given that our index measures momentum as opposed to a level of activity, Toronto’s ability to maintain momentum for such a long period is impressive,” he added.Second place was Calgary, boosted by new residents to the city and its healthy jobs market. The report found that consumer spending in Calgary has been strong, with retail sales up nine per cent over the past year.Regina came in third place, driven by very strong population growth that makes it the fourth fastest growing city in the country with one of the country’s lowest unemployment rates.“The city’s robust population growth has spurred housing market activity, with housing starts rising by a strong 80 per cent year-over-year in the third quarter,” Tal said.“Regina is also supported by an improving manufacturing sector, with activity in 2012 estimated to outpace the national average for the second year in a row.”Ranked lower on the list were Winnipeg, Saskatoon and Edmonton, coming in fourth, fifth and sixth place respectively.Ottawa came in seventh while Quebec was 11th place for economic growth. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by The Canadian Press Posted Jan 3, 2013 6:23 pm MDT read more

London City Airport shut Flights cancelled after Second World War bomb found

first_imgAll passengers due to travel from London City on Monday are advised to contact their airline for further information. Passengers are advised not to travel to the airport until further notice.(2/3)— London City Airport (@LondonCityAir) February 11, 2018 Police urge motorists to find alternative routesSpecialist officers are working with the Royal Navy to remove the ordnance, the Metropolitan Police said.A spokesman said:”At around 10pm on Sunday an operational decision was made with the Royal Navy to implement a 214-metre exclusion zone to ensure that the ordnance can be safely dealt with whilst limiting any risk to the public.”Overnight, officers have been helping to evacuate properties within the exclusion zone and police are working with the local authority to provide residents with temporary emergency accommodation and the appropriate support.”A number of road cordons are in place, and motorists planning to travel through this part of Newham borough are urged to seek alternative routes. The explosive device was found at the George V Dock, just yards from the City Airport dockCredit:Commission Air/Alamy “The operation to remove the ordnance is ongoing in partnership with our colleagues in the Royal Navy. “While we endeavour to progress the operation as quickly as possible and minimise disruption, it is important that all of the necessary steps and precautions are taken to ensure it is dealt with safely. “We would like to thank everyone affected for their patience and cooperation.”London City Airport is the 14th busiest in the UK with 4,540,000 passengers in 2017, according to data from the Civil Aviation Authority.Newham Council evacuates residents in bomb alertIn a statement, Newham Council said:”Officers are assisting with a controlled evacuation of people in this exclusion area. Affected at this stage are parts of Holt Road, Leonard Street, Lord Street, Newland Street, Tate Road, Muir Street and Kennard Street.”Some residents have chosen to remain in their homes and others have made arrangements to stay with friends or family. A rest centre has been opened and Transport for London are ferrying people to it”Work will not start on lifting and removing the device until the initial 214-metre zone is clear. When work starts to remove it, it is expected the exclusion zone will be extended to 250 metres and more properties will need to be evacuated. The airport is cooperating fully with the Met Police, Royal Navy and London Borough of Newham (3/3) https://t.co/9ZD3jDFdOw— London City Airport (@LondonCityAir) February 11, 2018 Passengers warned not to travel to City AirportAirport chief executive Robert Sinclair said: “All flights in and out of London City on Monday are cancelled and an exclusion zone is in place in the immediate area.”I urge any passengers due to fly today not to come to the airport and to contact their airline for further information.”I recognise this is causing inconvenience for our passengers, and in particular some of our local residents. The airport is cooperating fully with the Met Police and Royal Navy and working hard to safely remove the device and resolve the situation as quickly as possible.” Following the discovery of a World War Two ordnance in King George V Dock as part of planned development works, a 214m exclusion zone has been implemented as a precaution by the Met Police. As a result, London City Airport is currently closed. (1/3)— London City Airport (@LondonCityAir) February 11, 2018center_img Aerial photograph of London City Airport “The operation is expected to continue until Tuesday morning. Further updates will follow. ” A 700ft (214-metre) exclusion zone was put in place on Sunday evening to ensure the device could be dealt with safely.People living inside the zone were evacuated from their homes overnight, while police said a number of road cordons have been put in place in Newham.Passengers were urged not to travel to the airport on Monday and advised to contact their airline.On the trains, Docklands Light Railway services between Pontoon Dock and Woolwich Arsenal have been suspended. London City Airport has been closed after the discovery of an unexploded Second World War bomb, affecting tens of thousands of passengers.All flights into and out of the airport, in east London, will be stopped on Monday after the device was found nearby in the River Thames on Sunday.The closure led to the cancellation of more than 100 departures and was affecting up to 16,000 passengers, according to a spokeswoman.The device was discovered at the George V Dock at about 5am on Sunday during planned work at the airport.Newham Council said the bomb was a German 500kg fused device and warned work to deal with it would last until Tuesday.The Metropolitan Police said the airport was shut at 10pm, as officers worked with the Royal Navy to remove the bomb. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings.last_img read more