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Economic forecast for Waterloo Region rosy despite Canadian slowdown

When Douglas Porter, chief economist for BMO Financial Group, asked his audience in Waterloo for a show of hands to indicate how people here feel about the Canadian economy in the coming year, most people voted for “cautious.”

Source: www.thespec.com

Porter, who spoke at a breakfast event hosted by Canada’s Technology Triangle at the Waterloo Inn on Tuesday, said the Canadian economy will take a hit from low oil prices, but this region should benefit from the lower Canadian dollar, growth in the U.S. economy, lower gasoline prices and strong local construction activity.

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