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Region's outlook brightens, Windsor, Ontario

February 5, 2010

Windsor is turning the corner thanks to major construction projects and a revived auto industry, says a national economic outlook issued Wednesday.

The region's economy is expected to grow 2.6 per cent this year -- the first expansion in four years, says the Conference Board of Canada's latest metropolitan outlook.

It will be a modest but steady climb over the next four years as Windsor regains its foothold with annual economic growth of 2.7 to 4.1 per cent, the report says.

The numbers look small, but the optimism is huge among business owners who've hung on through the worst and see prosperity on the horizon, said Ed Miles, treasurer for the Windsor-Essex Regional Chamber of Commerce.

"When you've been knocked down so far it's easy to come back, but I think we're going to look back and say 2010 was an excellent year," he said. "It's an excellent year to buy a house. It's an excellent year to invest in a business."

Miles, a Windsor chartered accountant for the past 20 years, said he is hearing the signals from clients that the region's growth could surpass the Conference Board's predictions. "All the main economic factors for us are headed upward," he said...

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