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January 15, 2003
Toronto to be among top economic performers
Toronto - The Conference Board of Canada yesterday released statistics
underscoring Toronto Mayor Mel Lastman's statement that the future of Toronto
is secure.

The Winter 2003 Metropolitan Outlook predicted Toronto's economy will be among
Canada's top performing metropolitan economies this year, with statistics
forecasting Toronto's gross domestic product (GDP) will grow by 3.7 per cent.

"This is the latest in a string of good-news stories for our city," Lastman
said. Last week, LaSalle Investment Management reported Toronto's economic
strength first in North America - and last year, Moody's Investor Services
upgraded Toronto's credit rating from a Aa2 to Aa1.

The Conference Board of Canada is an independent, not-for-profit applied
research organization, that creates and shares insights on economic trends,
public policy issues, and organizational performance. The Metropolitan Outlook
takes place three times a year and provides economic insights into 25 census
metropolitan areas, their related province and Canada.

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