The Owl is a daily economic update by ATB’s Economics and Research team. Perch takes a deeper look into the issues and ideas that interest Albertans. Sent out quarterly, each issue focuses on a new topic.
Alberta’s rate of population growth was above the national average of 1.4 per cent and the fourth largest percentage increase among the provinces and territories this year.
An estimated 11, 600 Alberta workers decided to stop working or quit looking for work in September compared to the creation of just 4,900 new jobs.
Seasonally-adjusted new vehicle sales in Alberta were down by 5.8 per cent in August compared to the same month last year.
Alberta’s seasonally-adjusted monthly manufacturing sales were down by $4.7 million (-0.1 per cent) compared to July.
When highly volatile gasoline prices are excluded, Alberta’s inflation rate in September was 2.3 per cent and closer to the national average of 2.4 per cent.
Calgary is home to 118 of the 800 largest businesses in the country compared to 23 in the Edmonton region and 5 outside the two big cities.
If gasoline stations are removed from the equation, retail spending (on an unadjusted basis) was up by 2.4 per cent compared to the previous August.
As of June, there were 173,314 small businesses operating in Alberta. The represents 13.5 per cent of the almost 1.3 million small businesses in the country.