ATB's Quarterly Alberta Economic Outlook
ATB leverages its understanding of Alberta's economy to produce a quarterly economic forecast for the province.
ATB's economics team analyzes the latest statistics related to economic drivers and provides insight on Alberta's economy now and in the future.
SubscribeATB leverages its understanding of Alberta's economy to produce a quarterly economic forecast for the province.
Population growth, naturally speaking
With Canada’s population surging, most of the attention has been on immigration. There’s a good reason for that. International migration (including temporary residents) accounted for nearly 98% of Canada’s population growth in 2023. The remainder is what demographers call ‘natural increase’, simply measured as births minus deaths. The numbers are small and shrinking, thanks to an aging population and declining total fertility rates. Natural increase peaked in 1959, with the downward trend accelerating after 2009.
The national numbers mask a greater deal of regional variation, mainly reflecting different age structures. Of the 31,100 national population gain through natural increase, 16,350 came from Alberta and 16,770 from Ontario. Natural decline was experienced in B.C. and each of the Atlantic provinces, while Quebec was effectively flat (+300).
Economic Insights Focused on Alberta's Economy
Retail sales, the unemployment rate, population growth, inflation, international trade—these are just a few of the economic trends the team makes sense of in ATB’s daily insights.
Record oil production ahead of TMX
Alberta’s exports to the U.K.
Canadian economy slower in February and March
A review of the key economic highlights of the week impacting Alberta.
Now flowing
Hope springs eternal
Cooling core inflation and the need for investment
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