Comment 86583

By Noted (anonymous) | Posted February 21, 2013 at 11:00:33

The recovering U.S. auto sector will help boost the Windsor-area economy by 2.4 per cent this year, according to the Conference Board of Canada.

In fact, Windsor joins other Ontario municipalities that will experience higher economic growth as a result of their reliance on the U.S. economy, according to the board’s Metropolitan Outlook released Thursday.

“The economic recovery in the United States, although slow, will help boost exports coming from Ontario’s cities this year. U.S. demand for motor vehicles is especially strong, which will lead to production increases at automobile and parts factories across the province,” said Mario Lefebvre, director of the Centre for Municipal Studies.

Ongoing work on the Herb Gray Parkway will boost the construction sector, and the Windsor census metropolitan area’s vital manufacturing sector is expected to grow for the fourth consecutive year because of a continued rise in U.S. vehicle demand, the board said.

Last year, Windsor’s economy grew by 1.6 per cent while employment climbed at its fastest rate in 10 years, increasing by 2.4 per cent. Job growth is expected to slow to 0.6 per cent this year.

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