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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 ≫

Description

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 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 plastic resins and plastic products industry

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The plastic resins and plastic products sectors are closely tied as most of the goods that the plastic products sector purchases to produce its products come from the plastic resins sector. In... More ≫

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The plastic resins and plastic products sectors are closely tied as most of the goods that the plastic products sector purchases to produce its products come from the plastic resins sector. In 2015, Alberta’s plastic resins and plastic products industry had revenues of $6.3 billion, accounting for 9.4% of total manufacturing revenues.

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Chemicals and petroleum refining is the province’s largest manufacturing sector [2016]

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Presents information on Alberta’s chemicals and petroleum refining (CPR) sector, which accounted for 39 per cent of total manufacturing revenues in Alberta in 2015. This sector’s revenues rose... More ≫

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Presents information on Alberta’s chemicals and petroleum refining (CPR) sector, which accounted for 39 per cent of total manufacturing revenues in Alberta in 2015. This sector’s revenues rose strongly between 2005 and 2014, but are sharply lower in 2015 and 2016 as lower crude oil input prices get reflected in lower prices for refined petroleum products.

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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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