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Alberta’s merchandise exports fell again in 2016 because of lower oil and gas prices

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After a 24% drop in 2015, the value of Alberta’s merchandise exports fell by a further 14.6% in 2016 to $78.9 billion as much lower prices for oil and gas led to lower export revenues for oil and... More ≫

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After a 24% drop in 2015, the value of Alberta’s merchandise exports fell by a further 14.6% in 2016 to $78.9 billion as much lower prices for oil and gas led to lower export revenues for oil and gas as well as for the manufacturing sectors that depend on the oil and gas sector.

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How Alberta’s consumers are faring in the current economic slowdown : an update

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The sharp deterioration in crude oil prices of the past two years has not only had impacts on Alberta’s business sector and on government finances, but is also affecting Alberta’s consumers as... More ≫

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The sharp deterioration in crude oil prices of the past two years has not only had impacts on Alberta’s business sector and on government finances, but is also affecting Alberta’s consumers as they are less confident about their job situation and are cutting back on their household purchases as a result.

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Alberta’s oil and gas supply chain industry [2016]

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Weak oil prices and reduced investment by oil and gas companies is also impacting companies that supply machinery and equipment to the oil and gas sector and to construction firms that are working... More ≫

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Weak oil prices and reduced investment by oil and gas companies is also impacting companies that supply machinery and equipment to the oil and gas sector and to construction firms that are working on oil and gas investment projects. The three sectors that make up the Oil and Gas Supply Chain industry--industrial machinery, primary metals and fabricated metals--have seen their sales fall sharply because of much lower capital investment by the oil and gas sector.

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Measuring the value of software and research and development products in Alberta

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Only 1% of Canada’s GDP can be contributed directly to research and development (R&D) and software. The true value of R&D to the economy is difficult to measure as they provide significant... More ≫

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Only 1% of Canada’s GDP can be contributed directly to research and development (R&D) and software. The true value of R&D to the economy is difficult to measure as they provide significant indirect value through support for the advancement of knowledge and innovation across industries. In Alberta, R&D and software development is primarily focused in five industries. While this allows Alberta to be a leader in a few industries, it also leaves room for Alberta to grow the development of R&D and software.

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How the current slowdown is affecting Alberta’s municipalities – September update

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The current economic recession has resulted in rapidly rising unemployment and a surge in the number of Employment Insurance beneficiaries in Alberta. The hardest hit municipalities are those that... More ≫

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The current economic recession has resulted in rapidly rising unemployment and a surge in the number of Employment Insurance beneficiaries in Alberta. The hardest hit municipalities are those that depend on the oil and gas services sector which saw the largest employment losses during the past year or on sectors that in turn depend on the oil and gas sector such as construction, manufacturing and engineering services. The wildfires in the Wood Buffalo area have led to sharp increases in EI beneficiaries in May and June.

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How are Alberta’s largest manufacturing sectors faring in the current recession?

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Alberta’s manufacturing sector is currently in recession as a result of the dramatic drop in crude oil prices. Lower oil prices have translated into much lower selling prices of refinery products... More ≫

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Alberta’s manufacturing sector is currently in recession as a result of the dramatic drop in crude oil prices. Lower oil prices have translated into much lower selling prices of refinery products and are causing oil and gas companies to drastically lower their capital spending which translates into reduced demand for machinery and equipment produced by Alberta’s manufacturing and fabricated metals sectors.

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Alberta’s labour productivity declined in 2015

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The current recession caused Alberta’s labour productivity to decline sharply in 2015 as companies saw output fall that year while major payroll cuts were often postponed until 2016. As a result,... More ≫

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The current recession caused Alberta’s labour productivity to decline sharply in 2015 as companies saw output fall that year while major payroll cuts were often postponed until 2016. As a result, the 5-year productivity growth rate fell from an average annual increase of 2.3% between 2009 and 2014 to only 0.6% per year between 2010 and 2015.

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Capital investment in Alberta to decline again in 2016

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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 capital investment is expected to remain a drag on economic growth in 2016 as energy investment continues to decline.

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How the current slowdown is affecting Alberta’s municipalities – June update

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The current economic slowdown has resulted in rapidly rising unemployment in Alberta. The hardest hit municipalities are those that depend on the oil and gas services sector which saw the largest... More ≫

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The current economic slowdown has resulted in rapidly rising unemployment in Alberta. The hardest hit municipalities are those that depend on the oil and gas services sector which saw the largest employment losses during the past year or on sectors that in turn depend on the oil and gas sector such as construction, manufacturing and engineering services.

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The contribution of the energy sector to the Alberta economy

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The fact sheet Highlights: - The energy sector contributes directly to nearly one quarter of provincial gross domestic product (23%). - The contribution share rises to 29 percent when including... More ≫

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The fact sheet Highlights: - The energy sector contributes directly to nearly one quarter of provincial gross domestic product (23%). - The contribution share rises to 29 percent when including construction from the energy sector. - The contribution share rises further to 42 percent, when including all upstream linkages.

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