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Calgary Earns `A` for Prosperity

Ally

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Cowtown is Wowtown, says a report released yesterday that gave Calgary a top-of-the-class grade on a global scorecard for overall economic prosperity.

The city was the lone metropolis in a survey of international commerce heavyweights to earn an A grade in the Calgary Economic Development-commissioned Conference Board of Canada report.

And its longtime northern nemesis wasn`t far behind, with Edmonton ringing in third and Dallas sandwiched at second between Alberta`s two major centres in the 23-city ranking.

Such results aren`t surprising for a city that accounts for 5% of national gross domestic product, despite a local economy cooled by the recession, said Mayor Dave Bronconnier.

"Calgary was seen, on the economic stage, as the economic engine of Canada (in 2008)," said Bronconnier, calling last year`s GDP growth "astonishing."

Read the full article here.
 
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