Business conditions improved as fourth wave weakened
But remain below the highs reached in late August
By Rob Roach, ATB Economics 22 November 2021 1 min read
The latest data from Statistics Canada show that business conditions in Calgary and Edmonton have improved since the peak of the fourth wave, but remain below the highs reached in late August.
As of the week of November 8, 2021, the Real-Time Local Business Conditions Index* in Calgary was sitting at 171, up from 157 in early October. In Edmonton, the index went from 190 to 214.
The province declared a state of public health emergency and new health measures on September 15, 2021.
A rising index reflects improving business conditions in an urban centre, while a declining index signals deteriorating business conditions.
In Calgary, the index got as low as 87 the week of September 21, 2020. Edmonton’s index reached its lowest point the week of August 31, 2020 when it was just 94.
*The Real-Time Local Business Conditions Index is experimental and measures the business conditions in Calgary, Edmonton, Montreal, Ottawa, Toronto, Vancouver and Winnipeg using the week of August 10, 2020 as a starting point.
Answer to the previous trivia question: Nike, Inc. is headquartered near Beaverton, Oregon, in the Portland metropolitan area.
Today’s trivia question: How many COVID-19 tests were conducted in Alberta between March 6, 2020 and November 18, 2021?