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2 results found for: "Recessions--Alberta--Statistics. "

Views: 9
Last Modified

November 22, 2016


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: 6
Last Modified

August 29, 2016


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...