Read our most recent growth forecast.
Our economics team examines the latest statistics on employment, trade, consumer spending, the energy industry and other economic drivers to provide insight into what is happening in Alberta and where our economy is heading.
The value of merchandise exports out of Alberta rose by $37.5 billion over the first half of the year
Daily oil production averaged 3.6 million barrels per day over the first six months of the year
Wheat, canola and barely—Alberta’s three largest crops—continued to fetch record prices
Employment in Alberta was 4% higher in July 2022 than in February 2020 before the COVID-19 pandemic was declared. Some sectors, however, still haven’t caught up
Employment in Alberta was virtually the same, growing by just 300 compared to June
As a share of total retail sales, e-commerce revenue peaked in April 2020 at 11% and has since pulled back to about 5%
Although 16% lower than the month before, the construction of new homes in Alberta in June remained 38% higher than the five-year average
The national inflation rate hit 8.1% and is likely to stay at or near this level for several more months
Revenue for wholesale traders in Alberta ticked up for the third consecutive month as seasonally adjusted sales grew $111 million
The average age of an Albertan will go from 39.0 to 41.7 with one in five Albertans 65 or older by 2046
Higher prices have helped push up manufacturing sales in Alberta
The Bank of Canada announced this morning that it is raising its trendsetting policy interest rate from 1.5% to 2.5%
While not a record low for the province, Alberta’s seasonally-adjusted unemployment rate fell from 5.3% in May to 4.9% in June
Alberta leads all provinces with 2.77 head offices per 100,000 people compared to 2.45 in Ontario and 1.96 in BC
After adjusting for cost changes, year-to-date construction intentions were down 10.6%
Bank of Canada survey shows more businesses are reporting labour shortages
It’s Independence Day in the US, so today’s Owl highlights some interesting facts about Alberta and the United States
The number one ingredient of a successful Canada Day celebration is a handy set of facts about the national economy you can share with friends, family and strangers!