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Alberta’s manufacturing industry is recovering in 2017

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Alberta’s manufacturing industry was in recession in 2015 and 2016 as a result of the dramatic drop in crude oil prices. Lower oil prices resulted in much lower selling prices of refinery products... More ≫

Description

Alberta’s manufacturing industry was in recession in 2015 and 2016 as a result of the dramatic drop in crude oil prices. Lower oil prices resulted in much lower selling prices of refinery products and caused oil and gas companies to drastically lower their capital spending which translated into reduced demand for machinery and equipment produced by Alberta’s industrial machinery and fabricated metals sectors. As Alberta is emerging from its recession this year so is its manufacturing industry.

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