ATB's Economic Outlook
Read our most recent growth forecast.
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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.
Economics News
Alberta led gains across all provinces in retail activity in January and was responsible for over a quarter of the rise in national sales
Alberta tax filers donated almost $1.7 billion to charities for an annual increase of 7.1%
Alberta gained 11,534 residents from other parts of Canada in the fourth quarter of 2022
But remains high compared to before the pandemic
Although still elevated at 3.6%, the headline inflation rate in Alberta in February was the lowest of any province
Alberta’s wholesale revenues surged to a record high in January
The prices received by Alberta farmers for key products ticked down in January, but remained above last year’s levels
Alberta’s residential market remained on strong footing two months into the year
After posting two back-to-back declines, manufacturing revenues in Alberta jumped sharply to a record high in January
Alberta stands out as the province with the lowest dependency ratio at 49.4 as of 2022 compared to a national average of 52.5
After four consecutive pullbacks, the value of Alberta’s merchandise exports in January jumped $474 million
After solid gains in January, employment in both Canada and Alberta barely budged in February
ATB Financial's quarterly Alberta economic outlook as of March 2023
The Bank of Canada announced this morning it is keeping its trend-setting policy interest rate at 4.5% for now
At 3.57 million barrels per day, Alberta’s oil output in January was 6.3% lower than in December
The seasonally-adjusted value of building permits issued in Alberta in January rose by 2.1%
There are more head office employees in Calgary than in Edmonton (25,427 versus 5,027 as of 2021), but both cities have seen a 19% decline in staff levels since 2012
Capital spending intentions remain upbeat in Alberta and are expected to grow for the third straight year in 2023
Read our most recent growth forecast.