The Owl: 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 The Owl.
Every province recorded an increase in employment in June, but not nearly enough to make up for the jobs lost as a result of the pandemic and oil price crash.
Despite the improvement on the employment side of the equation, the rise in jobs did not keep up with demand.
The Canadian Mortgage and Housing Corporation is forecasting major declines in the average resale price of homes in both Calgary and Edmonton
Only 13 per cent of consumers have not changed their shopping habits since the outbreak of COVID-19
The negative effects of the pandemic and oil price crash are expected to linger with 63 per cent of the firms surveyed anticipating slower sales growth over the next 12 months
The number of new cases reported in the U.S. hit 54,357 on July 1, surpassing the previous peak of 43,438 set on April 6
Exports to our largest trading partner—the United States—were down 61 per cent on a year-over-year basis
The seasonally adjusted value of building permits issued by Alberta municipalities fell by 9 per cent in May compared to April
In honour of our country’s 153rd birthday, today’s Owl looks at how Canada’s economy stacks up against others around the world.
The overall impact of the pandemic on exporters has been negative, with 73 per cent indicating that it has hurt sales
One of the handful of subsectors that did manage to add jobs was the electronic shopping and mail-order subsector, albeit only about 450 positions
About 3 in 10 Canadians who were absent from work because of a business closure, layoff, or personal circumstances due to COVID-19 lived in a food-insecure household in May