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16 results found for: "Alberta--Economic conditions"

Publication Type: Fact Sheet

Views: 4
Last Modified

May 1, 2017

Description

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.


Views: 9
Last Modified

November 22, 2016

Description

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...


Views: 21
Last Modified

October 18, 2016

Description

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...


Views: 7
Last Modified

September 22, 2016

Description

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...


Views: 14
Last Modified

September 8, 2016

Description

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...


Views: 6
Last Modified

August 29, 2016

Description

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...


Views: 1
Last Modified

August 3, 2016

Description

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...


Views: 4
Last Modified

July 8, 2016

Description

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...


Views: 18
Last Modified

June 14, 2016

Description

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...


Views: 19
Last Modified

April 4, 2016

Description

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...