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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.


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.

Optimism about the economy is up compared to last year but the latest round of surveying shows a slight decline in the number of small- and medium-sized businesses that believe Alberta’s economy will be stronger in six months. ATB’s Economy Index slipped from 58.4 in the first quarter of the year to 54.1 in the second quarter. (A value more than 50 means more business owners are more optimistic than not.)

After reaching the highest level in eight quarters, the ATB Business Index also fell slightly. The latest reading of ATB’s Business Index was 64.6, down by 1.5 points from the first quarter. Despite the moderate dips in the two indices, both economic and business optimism levels are above 50 and show that economic sentiment in the province is far better than last year.

Businesses have had some reason to be optimistic. At the time of the survey in mid-May, there were real improvements to the labour market, there were overall improvements to business conditions in the province and the price of oil was hovering around $50 a barrel.

Stay tuned to atb.com over the next couple of weeks to see more information from the latest version of the Business Beat survey. This next issue is about the adoption of technology and innovation by small -and medium-sized businesses.Business beat survey, 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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