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.
Economic diversification is not as easy as some make it out to be and it doesn’t happen overnight.
The fear that we will run out of oil and gas has been replaced by the fear that efforts to reduce carbon emissions will stymie the sector’s future.
Mention the Alberta economy and two things are sure to come up: the importance of oil and gas and the need to “diversify” the economy.
For the first three months of 2020 before the pandemic was in full effect, the vacancy rate in Calgary’s downtown was sitting at 26.5 per cent.
With amusement parks closed and summer fairs cancelled, there is at least one rollercoaster ride still open. Unfortunately, it’s the price of oil.
The results of a recent Imagine Canada survey of Canadian charities show that the pandemic has eroded revenue, forced layoffs and reduced volunteering.
As expected, the overall inflation rate in April fell in both Alberta and Canada as a whole.
The March decline in Alberta's manufacturing sales is expected to continue into April
The rate for a conventional one-year mortgage hit 21.25 per cent in the fall of 1981 compared to under 4.0 per cent today.
Grocery store sales in Canada peaked during the second week of March at 46 per cent above where they were a year earlier.
If we include Albertans who want to work but are not in the labour force, the unemployment rate would be a whopping 20.4 per cent.
It’s far from perfect, but our economic system has delivered a higher standard of living for a larger portion of the population than anything that has come before it.