Alberta boosts crude oil production

Pipelines delivered 8.9 million cubic metres of crude oil to Canadian refineries and upgraders in July, up 15%

Alberta boosts crude oil productionStatistics Canada says the production of crude oil and equivalent products rose in July to the highest level so far this year. In a report released on Friday, the federal agency said production was up 2.2 per cent to 23.2 million cubic metres (145.8 million barrels).  “The increase was attributable primarily to synthetic crude oil…

Frozen potato processing plant opens in Lethbridge

Frozen potato processing plant opens in LethbridgeA new state-of-the-art frozen potato processing plant officially opened Thursday in Lethbridge. It’s the largest private sector investment in the city’s history. “It is a great day for Lethbridge and for our employees, growers, suppliers and customers. Our new state-of-the-art plant is up and running and will allow us to continue to serve key export…

Alberta population growth exceeds Canadian average

National growth corresponds to adding just over one person every minute over the last year: StatsCan

Alberta population growth exceeds Canadian averageAlberta's population growth has accelerated for a second consecutive year, owing in part to interprovincial migration exchanges, which were positive after three consecutive years of losses, says a report released Monday by Statistics Canada. The federal agency estimated that population in Alberta as of July was 4.4 million. The 1.6 per cent growth over the…

Alberta small business confidence still low: CFIB

‘It appears some of the hopeful optimism we saw building earlier this year has begun to level out’

Alberta small business confidence still low: CFIBAlberta small business confidence remained flat in September with the latest Business Barometer index by the Canadian Federation of Independent Business virtually unchanged from the month before. The CFIB said the index decreased by a marginal 0.2 points to 54.1 points, which puts the provincial index just behind the national indicator (59.3 points). The province’s…

Who will lead Alberta to a new energy future?

How well prepared is Alberta for the disruptive change coming to the province’s energy sector?

Who will lead Alberta to a new energy future?This past week has seen further waves buffeting the oil industry. Millions of people around the world marched on Friday demanding climate action, and British Columbia won a court ruling that temporarily blocks Alberta’s turn-off-the-taps legislation. Against this backdrop, the recent Energy Disruptors conference in Calgary was timely indeed. The event brought about 1,500 energy…

Alberta retail sector rebounds in July

Sales increased by 0.7 per cent to $6.8 billion

Alberta retail sector rebounds in JulyRetail sales in Alberta rose in July for the first time in three months, increasing by 0.7 per cent to $6.8 billion, Statistics Canada said in a release on Friday. The federal agency said the hike in the province was a “result of higher sales at motor vehicle and parts dealers.” But on an annual…

Imports to Alberta hit $47 billion in 2018

Almost 75% of last year’s imports originated in the U.S. Asian countries accounted for 11% and 10% came from European countries

Imports to Alberta hit $47 billion in 2018Merchandise imported by Alberta businesses in 2018 rose by nearly seven per cent from 2017, reaching just over $47 billion, according to Statistics Canada data. In a report released Thursday, ATB Financial’s Economics & Research Team cited StatsCan’s research showing that 21,154 businesses in Alberta bought $47.2 billion worth of goods last year. That was…

Alberta economy will ‘tread water’ this year: TD

Report forecasts employment growth in Alberta of 0.5% this year, 0.9% next year and 1.6% in 2021

Alberta economy will ‘tread water’ this year: TDEarly signs of economic improvement were seen across the board in the second quarter in Alberta, but lower growth in oil production and dampened confidence have TD Economics estimating a “still-cautious” 0.7 per cent growth in the province in 2019. In its quarterly Provincial Economic Forecast, which was released Thursday, TD said the province can…

Employment Insurance recipients up in Alberta in July

The number of EI beneficiaries in Canada fell by 7,600, or 1.7%, with declines across seven provinces

Employment Insurance recipients up in Alberta in JulyThere were 50,400 Employment Insurance recipients in Alberta in July, up 3.6 per cent from June. It’s the first monthly increase since February 2019, says Statistics Canada. “The rise was driven by those who last worked in education, law and social, community and government services occupations, who represented 8.0 per cent of the total number…

Canadian oil and gas extraction industry suffers net loss in 2018

Total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada

Canadian oil and gas extraction industry suffers net loss in 2018Total revenue for the Canadian oil and gas extraction industry rose 4.9 per cent to $123.5 billion in 2018, following a 35.5 per cent increase in 2017, but total expenses were $137.4 billion (up 25.6 per cent), resulting in a net loss of $13.9 billion, says Statistics Canada in a report released Wednesday. “Total operating…

Alberta annual inflation rate lower than Canadian average

Gasoline prices in Alberta were down by 20.6% on a year-over-year basis in August while food prices were up 3.9%

Alberta annual inflation rate lower than Canadian averageThe annual inflation rate in Alberta in August was less than the Canadian average, according to data released on Wednesday by Statistics Canada. The federal agency said consumer prices in the province rose 1.3 per cent year over year while for Canada prices were up 1.9 per cent. Month over month, prices in Alberta fell…

Alberta population growth to lead nation: StatsCan

Twenty-five-year projections say other Prairie provinces would also see considerable growth

Alberta population growth to lead nation: StatsCanStatistics Canada says that in all scenarios the rate of population growth in Alberta would be the highest among Canadian provinces over the next 25 years. “By 2043, Alberta's population would number between six million and 7.3 million inhabitants depending on the scenario, compared with 4.3 million in 2018,” said the federal agency. “Together, Alberta…

Alberta manufacturing sales continue to slip

Alberta manufacturing sales continue to slipManufacturing sales in Alberta were down 2.8 per cent in July to $6.3 billion, following a 7.0 per cent decrease in June, says Statistics Canada. “In July, 15 of 21 manufacturing industries reported lower sales in Alberta, led by the petroleum and coal product industry (-5.0 per cent),” said the federal agency on Tuesday. “Manufacturing…
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