ATB's Quarterly Alberta Economic Outlook
ATB leverages its understanding of Alberta's economy to produce a quarterly economic forecast for the province.
Welcome to The Twenty-Four Seven. With a fresh new look, The Twenty-Four Seven delivers the analyses, insights and news you’ve come to expect from our team of economic experts.
SubscribeATB leverages its understanding of Alberta's economy to produce a quarterly economic forecast for the province.
Chart of the Week: Deconstructing Canada’s trade surplus
This week Statistics Canada said Canada ran a small trade deficit in July, meaning our imports of goods and services were greater than our exports. Let’s unpack that a bit. First, the deficit came from our trade in services—things like travel, transportation and commercial services. That’s the typical pattern. With some rare monthly exceptions, Canada typically runs a service trade deficit. The larger category is our trade in goods. Over the last decade, Canada’s monthly trade in goods oscillates between a surplus and deficit. For July, there was a small merchandise trade surplus of $684 million. But that headline masks a lot of variation underneath as shown in our Chart of the Week. Canada’s trade in energy was a surplus of $12.7 billion in July alone, while other categories like motor vehicles and industrial machinery showed a trade deficit.
Economic Insights Focused on Alberta's Economy
Retail sales, the unemployment rate, population growth, inflation, international trade—these are just a few of the economic trends the team makes sense of in ATB’s daily insights.
Canada’s natural gas prospects set to improve in the medium term
Oil and gas capital spending in Canada
Resource sector pulling its employment weight
A review of the key economic highlights of the week impacting Alberta.
Life after the cuts
Go your own way
Getting back on track
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