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 growing number of seniors in Canada’s big cities
Self-employment sometimes goes down during a recession (as it did in 2015 and 2016) and sometimes goes up (as it did in 2009, in 1982 and 1983, and last year)
Investment fell by just 0.3 per cent ($6.0 million) compared to October, but was down by 2.7 per cent ($51.3 million) on a year-over-year basis
A look back at Alberta’s labour market in 2020 (part 2 of 2)
A look back at Alberta’s labour market in 2020 (part 1 of 2)
Over 30,000 full-time positions (1.7 per cent) were added in December while part-time employment fell by 42,200 (-9.5 per cent)
Only a quarter of Canadian businesses had at least some online sales in 2019
While the drop has created significant pain for builders, suppliers and workers, the number of starts could have been even lower given the dampening effects of the pandemic
The economy will almost certainly be better in 2021 than in 2020, but it will be a bumpy ride
Oil rallied as the year ended in anticipation of vaccine rollouts and a post-pandemic high was set when WTI closed at $49.10 on December 18.
After a sluggish 2019, it was hoped that Alberta’s economy would pick up steam in 2020. Then COVID happened
Whatever happens, change is afoot with a new presidency officially beginning on January 20