The hurting oil industry is being felt everywhere. It's not as obvious in places like Manitoba, but it still has an effect. Investors and developers are more careful with their money in these situations. Winnipeg does have some manufacturing which tends to do better when oil prices are lower, but the low prices haven't been around long enough to have had an impact yet.
That said, the economy always ebbs and flows. Winnipeg was always going to be in tough during the lean years. Hopefully for their sake, it doesn't last for too long.
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"A pessimist thinks things can't get any worse. An optimist knows they can."
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