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

Seven in ten Alberta businesses are optimistic

But cost-related challenges loom large

Bumpy but growing

China consumed 29% of Alberta's total non-US merchandise exports last year

My experience at the ATB Business Summit

Alberta is expected to be one of Canada's growth leaders this year and next

Weekly Wrap, Friday, May 24, 2024

Inflation cools, but cumulative effects weigh

Calgary posts explosive population growth

But it was not the only part of the province to see strong growth last year

Working remotely…

From another province

Special Report: Chasing Affordability

The return of interprovincial migration to Alberta

National inflation rate lower in April

Encouraging inflation report ahead of June rate decision

Weekly Wrap, Friday, May 17, 2024

Will more (inflation) data clear the fog?

Up for sale

Calgary and Edmonton house prices continue their hot streak

Foot steady on the gas

Residential construction intentions have picked up in Alberta while they remain sluggish elsewhere in the country

Cattle and crop prices going in different directions

Crops prices have come down from recent peaks while cattle prices continue to rise

Different strokes

Sources of job growth in Alberta and Canada

Weekly Wrap, Friday, May 10, 2024

Jobs spring forward ahead of Mother’s Day

Oil and gas companies cautiously optimistic

ATB’s spring energy sector survey

Thirsty for oil

Global oil consumption continues to rise

Decrypting the rise of Bitcoin ETFs

ETFs offer a familiar investment structure for cryptocurrency

Exports in March 2024

Trade levels down from last year in Alberta

Weekly Wrap, Friday, May 3, 2024

Now flowing

Barreling ahead

Record oil production ahead of TMX

Room to grow

Alberta’s exports to the U.K.

Lagging behind

Canadian economy slower in February and March

Business confidence in April

Up in Alberta, down nationally

Weekly Wrap, Friday, April 26, 2024

Hope springs eternal

Today’s special

Restaurant and bar sales on the rise

Signs of fatigue

Retail sales juggernaut slowing down

Living together

Multi-family housing starts in Alberta

Global resiliency

World output to now grow at 3.2% in 2024

Weekly Wrap, Friday, April 19, 2024

Cooling core inflation and the need for investment

It's halvening

Halving plays a critical role in the future of cryptocurrency

In the right direction

February revenues picked up by 4.1% and reversed all of the decline in January

Another swallow?

The headline inflation rate ticked up to 2.9% in March

Turning up the heat

Home construction intentions picked up in February

Weekly Wrap, Friday, April 12, 2024

Alberta housing market not waiting for rate cuts

The productivity imperative

Energy-related industries have among the highest levels of productivity and wages in Canada

Lighter finger on pause

The Bank of Canada remained on the sidelines in April

Resurgence

The Indigenous economy in Alberta rebounded sharply in 2021

Brewing troubles

Global coffee and cocoa prices could rise significantly over the coming months

Weekly Wrap, Friday, April 5, 2024

March (employment) break, and the surge in interprovincial migration

Not enough gas

International exports slip in February

Production leaps again

Alberta’s oil output in February

Oil change

WTI stronger in March

A little less confident

Small business expectations over the next 12 months

Population update

Alberta continues to lead all provinces in population growth

Taking a bite?

Restaurant and bar sales in January

Cutting back

A slow start to the year for retailers

Different markets, different directions

Resale home prices

Weekly Wrap, Friday, March 22, 2024

Alberta's economic outlook and the week that was

Help wanted

Job vacancy rates vary across regions and industries in Alberta

Weathering the storm

Alberta’s economy in 2024

Cooling off

The headline inflation rate fell to 2.8% in February

Hot streak

Alberta housing starts strong again in February

Weekly Wrap, Friday, March 15, 2024

Up north and around the globe

Debt servicing costs on the rise in Canada

The debt service ratio in Canada is near a record high

Not cooperating

U.S. inflation still too high

(Mostly) on track

Employment growth by industry in Alberta

New year uptick

Merchandise exports in Alberta were up by 4.2% in January

Weekly Wrap, Friday, March 8, 2024

Alberta employment picks up steam

From glass ceiling to broken rung

Advancing gender equality in the workplace

Not yet

The Bank of Canada kept its policy rate unchanged at 5%

Another month another record

Alberta’s oil output in January

Looking up

Another sign of rising business confidence

Weekly Wrap, Friday, March 1, 2024

Below potential  - business investment lagging in Canada

The seatbelt sign is off

No landing scenario playing out in the U.S.

Finding workers in Alberta

Job vacancy rate unchanged in December

A brighter future

Business optimism rises in Alberta

Different readings

New home prices down in some cities, up in others

Weekly Wrap, Friday, February 23, 2024

Youthful inflows and the last inflation mile

Retail sales stronger in 2023

Annual sales in Alberta came in at $102 billion last year and were 4.4% higher than in 2022

It's raining orders

Restaurant sales in Alberta were resilient through 2023

Need help?

Our Client Care team will be happy to assist.

Chat now
ATB Virtual Assistant
The ATB Virtual Assistant doesn't support landscape mode. Please tilt your device vertically to portrait mode.