14 Feb 2013

Toronto’s economy expected to improve

Over the next few months, Toronto is expected to outshine the rest of Western Canada, as its economy is expected to improve. According to the Toronto Star, experts don’t predict it will increase significantly, however, CAW economist Jim Stanford said it is a step it the right direction. 

“Toronto is very unique and very lucky to have such a strong mix,” Stanford said, noting that a 2.8 per cent forecast is headed in the right direction,” he said. “But you need a 2 per cent to 2.5 per cent increase just to keep up with population growth and productivity growth,” he said, estimating a minimum of 2.5 per cent is needed given the region is growing by about 100,000 people a year. “But you take what you can get these days.”

While some business owners are waiting until there is more improvement until they move into bigger spaces, some are choosing to rent Toronto document storage units to keep track of their items. 

One of the industries that is assisting the economy is construction, according to the Star. As the city continues to build new businesses and developments, there has been more of a need for construction jobs. 

Jiffy offers businesses plenty of options for Toronto storage, whether one needs to store filing cabinets or office supplies. What’s more, the company is currently holding a contest for a new iPad 3, which is a device that just about every business person could use to help improve productivity.

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