Edmonton Is Cold But It's Economy Is Hot

I love to say I told you so!

"For the first time on record, the city of Edmonton tops our city ranking in terms of economic momentum," CIBC's World Markets economic activity index

Edmonton's top rank is due to strong population growth, outstanding employment gains, the lowest unemployment rate in Canada and lower than average personal and corporate insolvency rates .

Calgary the old leader slipped into second spot with a score of 24.5, compared to Edmonton's 30.1 . The city's slippage was credited to a slowdown in the pace of job creation momentum in the city -- less than that of Edmonton, Victoria and Saskatoon -- and a cooler (but still excellent) housing market.