Winnipeg’s economy is rated the third-fastest growing economy among Canada’s major cities. It is also one the country’s most diversified economies. Key sectors include advanced manufacturing, financial services, aerospace, agribusiness, transportation and distribution, information technology, furniture and apparel industries, life sciences and others. The manufacturing sector ranges from food and beverage to farm equipment, buses, steel products, electrical components, aerospace components, chemicals, plastic and more. Winnipeg is the location of the Royal Canadian Mint – the plant where all Canada’s circulating coinage is produced. The Mint also manufactures coins for other countries, as well as medals, gold, silver, palladium and platinum bullion coins. The financial service sector is one of the largest in country and the headquarters for some of Canadian biggest insurance companies and investment firms are located in Winnipeg. Due to the strong population growth over the past decade and the increased demand for housing, there is a building and real estate boom.
Unemployment rate in Winnipeg is 5.5 per cent, which is about 1.5 per cent below the overall Canadian rate.