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Manitoba has one of Canada's most diversified economies, helping to make the province the most stable economic performer in Canada. Manitoba's economic growth in 2006 was its strongest since 2000, and exceeded the national average. Manitoba is the only province in Canada to see 15 consecutive years of private capital investment growth. According to Statistics Canada data, private capital investment in Manitoba grew by 11 percent in 2006 and is forecast to be more than triple the Canadian average for 2007. Year-to-date growth in manufacturing shipments is 12.5 percent and in foreign exports is 19.7 percent, well above the national average.
KEY CLUSTERS
Manitoba's diverse economic base is strong in many areas including:
Manufacturing: Aerospace components, buses, furniture, farm equipment, windows, clothing, and outerwear - Manitoba makes it all. High productivity and access to a skilled and reliable work force help Manitoba's manufacturing exports to grow and encourage export-driven expansion.
Some of the more- well known firms enjoying success in Manitoba's thriving business environment are New Flyer Industries (the major North American supplier of urban transit buses), Biovail Corporation (one of the largest Canadian-owned pharmaceutical companies), Vansco Electronics (Winnipeg-based electronic components manufacturer with offices on three continents), and Cangene Corporation (Winnipeg-based world leader in biotechnology products).
Aerospace: Manitoba's state-of-the-art aerospace industry is the largest in Western Canada and home to a diversified cluster of world-class manufacturing, repair and overhaul, and service firms. Led...