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 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!
While the risk of a recession is real, and much higher than at the start of the year, many economic forecasts (including ATB’s) are not projecting one
Compared to the month before, seasonally-adjusted average weekly earnings in Alberta edged down by 0.1% in April
Seasonally adjusted receipts at food services and drinking places rose $36 million (+4.2%) to reach $886 million in April
Over the first three months of 2022, 5,351 more people moved to Alberta from other parts of Canada than vice versa
We knew it was going to get worse before getting better, but headline inflation in Canada hitting 7.7% in May is still eye-popping.
The seasonally-adjusted value of retail sales in Alberta barely budged in April, rising by just 0.3% over the level set in March
Construction of new homes continued to be bullish as Alberta’s housing starts (seasonally adjusted at an annual rate or SAAR) climbed 15.2% to reach 46,456 units in May
Seasonally adjusted sales in Alberta climbed $168 million (+2.0%) to reach a record high of $8.7 billion in April
On a year-to-date basis, both canola and wheat prices were up by 61% from the same point in 2021
The value of Alberta’s seasonally adjusted manufacturing shipments climbed $584 million (+6.5%) to reach $9.5 billion in April
While investment has recovered since reaching a multi-year low in Q2 2020, spending in the oil and gas extraction sector remains below pre-pandemic levels
After a strong performance in the first quarter, Alberta’s oil output stood at 3.6 million barrels per day in April
The number of unemployed Albertans fell to 131,600, the lowest since February 2015
Both the OECD and the World Bank have downgraded their forecasts for global economic growth in 2022
The turnaround in oil prices compared to a year ago has sent Alberta’s total exports to record levels
Part four of a four-part series on Alberta's international exports
Part three of a four-part series on Alberta's international exports
Part two of a four-part series on Alberta's international exports
Part one of a four-part series on Alberta's international exports
The Bank of Canada announce that it is raising its trendsetting policy interest rate from 1.0% to 1.5%