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Capital investment in Alberta is anticipated to decline in 2015

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Capital investment has been the largest contributor to Alberta’s economic growth since the mid-nineties. In 2014, total investment grew by an estimated 0.4% to $92.1 billion with a decrease in the... More ≫

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Capital investment has been the largest contributor to Alberta’s economic growth since the mid-nineties. In 2014, total investment grew by an estimated 0.4% to $92.1 billion with a decrease in the transportation sector being offset by growth in other sectors such as manufacturing and healthcare. For 2015, capital investment is expected to become a drag on economic growth as energy investment declines.

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The weak Canadian dollar and strong U.S. economy benefit Alberta exporters

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International exports are one of the main drivers of the Alberta economy and the majority of Alberta exports are destined for the U.S. Therefore, the recent weakening of the Canadian dollar and... More ≫

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International exports are one of the main drivers of the Alberta economy and the majority of Alberta exports are destined for the U.S. Therefore, the recent weakening of the Canadian dollar and the strong U.S. economy should benefit those Alberta sectors that are oriented towards exports to the U.S.

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Lower crude oil prices are starting to impact Alberta’s merchandise exports

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In 2014, the value of Alberta’s merchandise exports was a record $121.4 billion, up 17.9% from 2013, mainly as a result of strong growth for oil and gas. The recent drop in oil prices has led to a... More ≫

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In 2014, the value of Alberta’s merchandise exports was a record $121.4 billion, up 17.9% from 2013, mainly as a result of strong growth for oil and gas. The recent drop in oil prices has led to a sharp decline in total exports in the first quarter and does not bode well for Alberta’s export performance in 2015.

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Declining sales of petroleum products are impacting Alberta’s manufacturing industry

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Revenues in Alberta’s manufacturing industry increased 7.6% in 2014. However, sharply lower sales in its largest sector, refined petroleum products, are starting to impact overall manufacturing revenues. More ≫

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Revenues in Alberta’s manufacturing industry increased 7.6% in 2014. However, sharply lower sales in its largest sector, refined petroleum products, are starting to impact overall manufacturing revenues.

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Alberta’s building products sector is on the road to recovery

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Alberta’s building products sector was hit hard by the global economic recession and especially by the US housing crisis that started prior to that. Revenues in this sector have bounced back since... More ≫

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Alberta’s building products sector was hit hard by the global economic recession and especially by the US housing crisis that started prior to that. Revenues in this sector have bounced back since then and have now surpassed their pre-crisis high.

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How is Alberta’s labour market performing in 2014?

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According to a number of labour indicators, Alberta’s labour market has continued to perform well in 2014. Nevertheless, Alberta’s labour market has remained fairly balanced as a result of the... More ≫

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According to a number of labour indicators, Alberta’s labour market has continued to perform well in 2014. Nevertheless, Alberta’s labour market has remained fairly balanced as a result of the large number of workers that enter the province from other provinces and other countries because of Alberta’s booming economy.

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Alberta’s exports up sharply in 2014

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In the first half of 2014, the value of Alberta’s merchandise exports increased by 21.6% compared to the same period of 2013, mainly as result of rising natural gas prices and higher crude oil... More ≫

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In the first half of 2014, the value of Alberta’s merchandise exports increased by 21.6% compared to the same period of 2013, mainly as result of rising natural gas prices and higher crude oil volumes and prices.

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Alberta’s productivity performance is improving

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Alberta’s 1.4% average annual productivity growth between 2008 and 2013 compares favourably to rates achieved in the other provinces, Canada and even international jurisdictions such as the United States. More ≫

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Alberta’s 1.4% average annual productivity growth between 2008 and 2013 compares favourably to rates achieved in the other provinces, Canada and even international jurisdictions such as the United States.

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Alberta’s international exports by industry : a 10-year review, 2003 to 2013

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Between 2003 and 2013 Alberta’s international merchandise exports rose 82% to $103.7 billion. By comparison, exports from the rest of Canada rose only 14% over the same period. Although higher... More ≫

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Between 2003 and 2013 Alberta’s international merchandise exports rose 82% to $103.7 billion. By comparison, exports from the rest of Canada rose only 14% over the same period. Although higher prices and volumes of crude oil exports were the main driver of Alberta’s export growth, the manufacturing and agricultural sectors also made sizeable contributions to overall export growth.

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Construction sector is leading employment growth in Alberta

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Employment rose by 478,200 in Alberta between 2003 and 2013 or by 27.6%, by far the highest provincial growth rate. The construction sector created the largest number of new jobs over that period... More ≫

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Employment rose by 478,200 in Alberta between 2003 and 2013 or by 27.6%, by far the highest provincial growth rate. The construction sector created the largest number of new jobs over that period as a result of surging construction spending, especially in the oil sands.

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