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Weaker Dollar And Manufacturing Gains Benefit London's Economy

The Conference Board of Canada predicts continued growth in London's manufacturing sector over the next two years.

A summary of an upcoming report says it will grow 2.6% in the second half of this year, and 2.4% in 2018.

The board credits a weaker loonie and healthy U.S. demand, particularly for automobiles.

Growth in manufacturing has benefitted other sectors as well, lifting the housing market which in turn, has boosted construction, finance, insurance, and real estate.

London's economy is expected to grow 1.9% this year.

The full report is expected August 31.

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