Boom island: Little Prince Edward Island enjoying a buoyant economy
CHARLOTTETOWN — Tourists visiting tidy, bucolic Prince Edward Island should keep their eyes open for some swagger this summer: The smallest province is on a tear.
An expected steady rhythm of hammers and saws is just one indicator of an economic boom.
Retail sales on the Island were up 7.4 per cent last year, and employment grew by three per cent and continues to grow at that pace.
Wages grew by 3.6 per cent over the past year — third in the country behind only British Columbia and Ontario. The island is aiming for its fifth straight year of record tourism