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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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Crude oil exports are driving economic growth again in Alberta

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Surging crude oil exports provided a large boost to exports and to economic growth in 2011 and oil exports are again growing rapidly in 2012. Strong growth in oil volumes is mainly the result of... More ≫

Description

Surging crude oil exports provided a large boost to exports and to economic growth in 2011 and oil exports are again growing rapidly in 2012. Strong growth in oil volumes is mainly the result of very strong growth in oil sands production, and to a lesser degree because of a small recovery in conventional oil production.

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