Insights

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.

Economics News

Subscribe to get a brief daily snapshot of what’s happening in Alberta’s economy

It's raining orders

Restaurant sales in Alberta were resilient through 2023

January thaw

Canada’s inflation rate moves below 3%

Weekly Wrap, Friday, February 16, 2024

The bumpy road home

Gaining ground

A better year for new vehicles sales in Alberta

The Cupid effect

Spending on dining and entertainment on Valentine’s Day

Thanks for the grub!

A quick overview of Alberta’s agricultural sector

Food stuff

The softening of major crop prices continued in Alberta in December

Weekly Wrap Friday, February 9, 2024

Productivity part 2 - industry mix matters

New year gain

Alberta employment off to a solid start in 2024

Alberta's exports in 2023

Foreign sales come off record highs on lower prices

It’s a gas

Natural gas production in Alberta in 2023

Construction intentions in Alberta up in final quarter of 2023


Only Alberta and New Brunswick experienced an increase in permit value in the fourth quarter

Another record-setting year for oil production in Alberta

Oil production in Alberta rose to 3.82 million barrels per day in 2023

The Weekly Wrap, February 2, 2024

Inflation wait and see and the productivity imperative

New study sheds light on working from home

About 40% of jobs in Canada can—in principle—be done from home

Canada’s economic output stronger than expected

It looks like Canada avoided a technical recession in the fourth quarter

Order up

Restaurant and bar sales in Alberta held steady in November

Alberta’s job vacancy rate steady in November

While the vacancy rate is lower than during the pandemic, it remains elevated

The Weekly Wrap, January 26, 2024

A Bank on hold and a western economic forum

Mind the gap

Household disposable income in Alberta has been higher than the national average since at least 1999

Key interest rate stays the same

The Bank of Canada announced this morning that it is keeping its policy interest rate at 5.0%

Household savings in Alberta and Canada

The amount of money saved increased dramatically during the first year of the pandemic

Cutting back

National retail sales and interest rates

The Weekly Wrap January 19, 2024

Out of the deep freeze

Standing tall

Housing starts in Alberta finished 2023 with the highest six-month average since 2014

For sale

Home prices continue to rise in Alberta

Still sticky

Inflation increased to end the year

Another gusher

Oil production in Alberta reached a new high in November

The Weekly Wrap, January 12, 2024

The year of the pivot

Softer but not soft

Crop and cattle prices in Alberta

On the ascent

Exports rose to an 11-month high in November 2023

The other shoe

Economic stories to watch in 2024, part 2 of 2

Anxious times

Economic stories to watch in 2024, part 1 of 2

Steady finish

Modest Alberta job gain caps off 2023

Evenly split

Small business confidence in Alberta in December 2023

Tempered

Oil prices averaged US$72/barrel in December

That's a Wrap

The FINAL wrap of 2023

More caution at the tills

Alberta's retail revenues stood largely unchanged in October

Alberta bound

Alberta’s population grew 4.3%, far exceeding the national increase of 3.2%, in the third quarter

Unmoved

National inflation rate held steady at 3.1% in November

Framing up to be a good quarter

Housing starts in November jumped by 29% compared to a year ago

The Weekly Wrap December 15, 2023

A new outlook on…the Alberta economy

Still on the slide

Major crop prices receied by Alberta farmers in October retreated to 2021 levels

Busy bees

Honey production in Alberta

A speed bump in the faster lane

ATB’s latest economic forecast outlines the current factors influencing the Alberta economy

Howdy neighbour

Alberta’s trade with the rest of Canada

The Weekly Wrap December 8, 2023

The interest rate waiting game

Trading up

Export revenues grew 8.1% in October but still remained below last year’s levels

Pause and wait

Bank of Canada stays on the sidelines

Refueled

Average daily oil production in Alberta was up by 0.5% over the first 10 months of 2022

Pumped up

Canadian oil and gas spending rose again in the third quarter

The Weekly Wrap December 1, 2023

Pushing through the drag: more jobs and a major project

Canadian economy - same story, different GDP route

Canada’s real GDP contracted at an annualized rate of 1.1% in the third quarter

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