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Timmins to expect a decline in economic growth

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Timmins is expected to experience limited economic growth over the next two years, according to a report from the Conference Board of Canada. The economy has been strong the past few years, but decreasing gold prices may impact. At the same time, a decline in housing starts will impact growth in the construction sector, says the report. The real GDP is expected to grow only about 2.5% in the next two years, compared to 4% last year.

 

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