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Vancouver economic growth to top Canadian cities in 2010

Vancouver's economy is slated to grow 4% in 2010, topping all Canadian cities, according to Ottawa-based think tank Conference Board of Canada. Toronto and Hamilton will follow closely behind with 3.7% and 3.

Vancouver's economy is slated to grow 4% in 2010, topping all Canadian cities, according to Ottawa-based think tank Conference Board of Canada.

Toronto and Hamilton will follow closely behind with 3.7% and 3.3% growth respectively, according to the Conference Board of Canada's Metropolitan Outlook Spring 2010 publication.

"The Olympic Games provided a big, even if temporary, boost to retail trade, arts, entertainment and recreation, accommodation and food services in Vancouver," said Mario Lefebvre, director of the Conference Board's centre for municipal studies. "The Olympics injected about $600 million into the Vancouver economy, lifting growth by about 0.8%"

Lefebvre believes Victoria's economy will grow by a solid 3.2% in 2010 as renewed domestic demand lifts its services sector.