Saint John GDP to grow, while other small and medium cities slow

The economy of Saint John will grow by less than one percent over the next year, according to the Conference Board of Canada.  The CBC reported that this will make Saint John the only small or medium sized city in Canada (that is analyzed by the Conference Board) that will grow.

The Conference Boards says the growth can be attributed to “provincial infrastructure spending and tax cuts.”

I recall from economics classes that growth in GDP is often not that useful to the “man on the street.” However, I imagine that investors and developers will look upon this as a positive and Saint John will benefit from this news and growth.

Optimism has been growing in Saint John, and these sort of reports will likely help citizens be hopeful for the future of the city.