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The Owl focuses on the day’s top economic news.

ATB Financial’s economics team interprets the latest statistics on wages, employment, inflation, the oil and gas industry and other economic drivers in our province.


Golden gooey goodness goes global

Posted on: March 20, 2017 | Author: ATB Financial's Economics + Research Team

Agriculture and agri-food production in Alberta is big business, and it’s not just the traditional beef, wheat and canola in the limelight. One of the most celebrated and successful food products coming out of Alberta these days is honey—and we’re selling it to the world.

Over the last decade, global exports of honey grew almost five-fold. Sales have grown exponentially since 2011 (see graph), and last year smashed all records with exports totalling over $33 million.

The United States is by far the largest export market for Alberta’s honey. Last year we sold nearly $23 million south of the border. Given America’s enormous size and growing economy, our domestic producers should be able to increase their share of the US market—that is, barring some disruption to trade flows. The tone coming out of the White House lately suggests that Canada is not one of President Trump’s trade targets.

But the biggest increase over the last decade has to be Japan, where sales of the sticky stuff skyrocketed from $600 thousand to nearly $10 million. Japan also offers the potential to become a much larger export market. While the country’s population growth is flat and it’s economy tepid, it is still an enormous market of 126 million people—roughly three-and-a-half times the size of Canada. Alberta honey producers have plenty of room to grow their way in.Global exports of Alberta honey, graph

Alberta Economic Outlook

ATB Financial’s Alberta Economic Outlook summarizes research on Alberta’s most important sectors, covering the first quarter of 2015. It analyzes the province’s economic happenings and outlines what may occur in the next quarter. Read the Outlooks below for the latest on our economy.

Q1 2015 | Q2 2015

ATB survey results continue to show optimism

Posted on: June 23, 2017 | Author: ATB Financial's Economics + Research Team
Despite signs that the provincial economy is turning a corner, ATB Financial’s most recent Business Beat survey suggests a full economic recovery will still take time.

E.I. claims continue their downward trajectory

Posted on: June 22, 2017 | Author: ATB Financial's Economics + Research Team
After reaching their peak last summer, employment insurance claims have steadily fallen in the province. This is yet another sign that Alberta’s labour market and economy are improving.

There’s something brewing in Alberta

Posted on: June 21, 2017 | Author: ATB Financial's Economics + Research Team
Albertans drink a lot of beer–the third largest amount per capita among the provinces after Newfoundland and Labrador and Quebec. Our beer consumption is not as high as some places around the world though.

What’s on tap?

Posted on: June 20, 2017 | Author: ATB Financial's Economics + Research Team
For many Canadians, summer conjures images of enjoying a cold beer on a patio or around a campfire. Beer and hockey games often go hand in hand and a beer with your co-workers after a long day can be especially satisfying.

That’s a lot of beer!

Posted on: June 19, 2017 | Author: ATB Financial's Economics + Research Team
A combination of barley, water, hops and yeast, beer is a popular beverage around the world and Alberta is no exception.

Business incorporations trending higher

Posted on: June 16, 2017 | Author: ATB Financial's Economics + Research Team
In another sign that economic sentiment is picking up in Alberta, the number of business incorporations is rising. In May, there was a total of 3,825 new incorporations.

More evidence of recession winding down

Posted on: June 15, 2017 | Author: ATB Financial's Economics + Research Team
Interprovincial migration is a good reflection of the economic dynamics of the country. During good times, people flock to regions with plentiful jobs and good pay—and in recessions, the flow reverses.

 

Perch

Each Perch focuses on a topic that’s important to Alberta​ns.

While many of us can probably cite the daily price of a barrel of West Texas Intermediate crude, there is room to improve our understanding of just how much oil we have, how much we produce and who buys it. This edition of Perch presents a handy set of answers to these questions.

So sit back and enjoy. ​


Read Perch now

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The Economic Team​​​​​​​​​​​​​​​​​​​​​​​​ (Left to right: Nick Ford, Todd Hirsch and Rob Roach)

Our Economics Team​​​

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Todd Hirsch

Chief Economist

Todd Hirsch is the Chief Economist at ATB Financial. At ATB, Todd spends the bulk of his time sharing the story of Alberta’s economy in clear-eyed and energetic talks across the province and the rest of the country.

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Nick Ford

Economist

Nick Ford is an Economist at ATB Financial. Nick joined ATB’s Economics and Research team in February 2014 where he researches, tracks and reports on economic indicators and trends that impact Albertans.

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Rob Roach

Director of Insight

As a Director of Insight with ATB Financial’s Economics and Research team, Rob examines the economic and social forces that affect Albertans’ quality of life.

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ATB’s Extended Reports​

Black gold

Alberta's oil resources

Read the report.

Tightening Santa's belt

Holiday spending and travel intentions (December 2016)

Read the report.

Preparing for success

Post-secondary education in Alberta (September 2016)

Read the report.

Selling our wares

Alberta's international exports (May 2016)

Read the report.

Happiness in Alberta

The full results of ATB Financial’s Alberta Happiness Survey (June 2015)

Read the report.

Hanging out your shingle

Self-employment in Alberta (November 2015)

Read the report.

People power

Population trends in Alberta (March 2016)

Read the report.

The Owl

The latest developments in business and economics from a unique Albertan perspective.

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