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Construction continues in downtown Calgary, Alberta, November 27, 2012.
Construction continues in downtown Calgary, Alberta, November 27, 2012.
(Todd Korol For The Globe and Mail)

Canadian cities’ fortunes show two-speed economy

When you talk about Canada’s current economic challenges, there’s a legitimate question that must now be asked: Which Canada do you mean?

Toronto-Dominion Bank’s latest Metro Beat report on the economic state of Canada’s cities – the true core unit of economic activity in any developed country – illustrates the wildly uneven nature of the national economic recovery, and the deep divisions along geographic lines. If you needed evidence of the two-speed nature of the Canadian economy, it’s right there in the numbers.