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Alberta’s imports from the other provinces and territories

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Although Alberta is known to be a major exporter of goods and services to international and Canadian markets, Alberta’s imports are also quite substantial. In 2016, imports of goods and services... More ≫

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Although Alberta is known to be a major exporter of goods and services to international and Canadian markets, Alberta’s imports are also quite substantial. In 2016, imports of goods and services from the other provinces and territories totaled $67 billion in 2016, actually exceeding Alberta’s inter-provincial exports of $63 billion in that year. Although inter-provincial imports into Alberta also declined during Alberta’s 2015/2016 recession, they were still 38% higher in 2016 than they were in 2016. The top Canadian suppliers of Alberta imports are Ontario, British Columbia and Quebec.

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Inter-provincial exports

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Although the Alberta economy is heavily dependent on international exports Alberta’s exports of goods and services to the other provinces and territories are also quite substantial and totaled $63... More ≫

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Although the Alberta economy is heavily dependent on international exports Alberta’s exports of goods and services to the other provinces and territories are also quite substantial and totaled $63 billion in 2016. Between 2006 and 2016, exports to international markets grew by only 7% but exports to Canadian markets rose a much stronger 28%. The top Canadian markets for Alberta exports are Ontario, British Columbia and Saskatchewan.

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Alberta’s engineering sector

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This issue of the Economic Commentary series contains a profile of Alberta’s engineering sector, which is the largest in the country. The success of the sector is closely tied to Alberta’s oil and... More ≫

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This issue of the Economic Commentary series contains a profile of Alberta’s engineering sector, which is the largest in the country. The success of the sector is closely tied to Alberta’s oil and gas sector.

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Alberta’s international exports by industry : a 10-year review, 2006 to 2016

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Between 2006 and 2016, Alberta’s international merchandise exports rose 1.5 per cent to $78.9 billion. By comparison, Alberta exports rose 91 per cent between 2004 and 2014. The much lower 10-year... More ≫

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Between 2006 and 2016, Alberta’s international merchandise exports rose 1.5 per cent to $78.9 billion. By comparison, Alberta exports rose 91 per cent between 2004 and 2014. The much lower 10-year growth rate for 2016 is mainly the result of the sharply lower oil and gas prices of 2015 and 2016.

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Alberta’s building products sector is on the road to recovery [2017]

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The building products sector was also impacted by Alberta’s 2015 - 2016 recession, although not as severely as most other manufacturing sectors were. The reason for this is that U.S. housing... More ≫

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The building products sector was also impacted by Alberta’s 2015 - 2016 recession, although not as severely as most other manufacturing sectors were. The reason for this is that U.S. housing starts are recovering strongly, which in turn is boosting Alberta exports of lumber and oriented strand board. Building product revenues are bouncing back this year and are expected to continue to grow as strong growth is forecast for U.S. housing starts.

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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 ≫

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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 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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Alberta’s municipalities are recovering from the recession

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The 2015/2016 recession resulted in rapidly rising unemployment and a surge in the number of Employment Insurance (EI) beneficiaries in Alberta. Last year’s wildfires also led to a sharp increase... More ≫

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The 2015/2016 recession resulted in rapidly rising unemployment and a surge in the number of Employment Insurance (EI) beneficiaries in Alberta. Last year’s wildfires also led to a sharp increase in EI beneficiaries in the Wood Buffalo area. The Alberta economy is bouncing back from the recession and most economic forecasting agencies are expecting it to lead the nation in economic growth this year. This commentary examines trends in EI numbers to see how well Alberta’s municipalities are bouncing back from the recession.

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How much does Alberta import from the U.S.?

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International trade is one of the main drivers of the Alberta economy and the majority of Alberta’s international trade takes place with the U.S. In this commentary we will examine how much... More ≫

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International trade is one of the main drivers of the Alberta economy and the majority of Alberta’s international trade takes place with the U.S. In this commentary we will examine how much merchandise Alberta imports from the U.S.

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Alberta’s labour productivity declined in 2016

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The 2015/2016 recession and the Fort Mc Murray forest fires caused Alberta’s labour productivity to decline again in 2016 as companies saw output tumble that year. As a result, the 5-year... More ≫

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The 2015/2016 recession and the Fort Mc Murray forest fires caused Alberta’s labour productivity to decline again in 2016 as companies saw output tumble that year. As a result, the 5-year productivity growth rate fell to an increase of only 0.5% per year between 2011 and 2016.

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Capital investment in Alberta to decline again in 2017

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Capital investment was the largest contributor to Alberta’s economic growth between the mid-nineties and 2014. However, low oil and gas prices resulted in declining capital investment in Alberta... More ≫

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Capital investment was the largest contributor to Alberta’s economic growth between the mid-nineties and 2014. However, low oil and gas prices resulted in declining capital investment in Alberta in 2015 and 2016. Although rising oil and gas prices are expected to lead to some improvement for the conventional oil and gas sector, capital investment in most other sectors is expected to remain weak this year.

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