BUSINESS

CIBC Metropolitan Economic Activity Index: The 10 Most Dynamic Cities In Canada

01/19/2012 02:39 EST
CP

TORONTO - CIBC World Markets says Toronto is once again leading the country in terms of economic momentum.

CIBC says its the second consecutive year that Canada's largest city has topped its Canadian Metropolitan Economic Activity Index, this year with a reading of 23.0.

It says the city's index of economic momentum is currently at its highest level in more than 10 years, led by growth in population, employment and housing starts.

And while Toronto did not lead in any one of the sub-measures CIBC uses, the bank says it was a consistently strong performer across most of the nine key macroeconomic variables in the index.

It says that reflects the growing diversity of the city's economic engine.

Second on the index was Edmonton, at 20.0, followed by Kitchener at 18.0, Halifax at 16.8 and Vancouver at 15.5.

THE 10 MOST ECONOMICALLY DYNAMIC CITIES IN CANADA, ACCORDING TO CIBC

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