Minimal economic growth in Alberta this year: TD

Growth of just 0.5% this year, followed by 2.1% in 2020. Unemployment will drop from 6.8% this year to 6.7% in 2020

Minimal economic growth in Alberta this year: TDAlberta’s economy is expected to eke out minimal expansion this year, before recording a slight acceleration in 2020, according to a new provincial forecast released on Monday by TD Economics. “Mandated oil production curtailment so far this year has yielded stronger bitumen prices. However, business and household spending remain hampered by concerns around medium-term energy…

Albertans’ net worth third highest in country

B.C. and Ontario residents have higher net worth, thanks in part to property values: ATB

Albertans’ net worth third highest in countryAlbertans have consistently held the highest wages among all provinces in the country in recent years. But how do people in the province rate when it comes to their net worth? ATB Financial’s Economics & Research Team discovered that Alberta is third behind Ontario and British Columbia. “The average net worth of households in Alberta…

Number of vacant jobs in Alberta falls

Alberta had 33,800 unfilled jobs in the first quarter of this year as its job vacancy rate fell by 0.1 per cent to 2.1 per cent

Number of vacant jobs in Alberta fallsAlberta had 33,800 unfilled jobs in the first quarter of this year as its job vacancy rate fell by 0.1 per cent to 2.1 per cent, according to the Canadian Federation of Independent Business Help Wanted report released on Wednesday. In the fourth quarter of 2018, Alberta had 37,100 vacant jobs. In Canada, the private sector…

Alberta ag sector jobs down 18.7% in four years: ATB

Number of private sector jobs in 2018 down by 2.2%; public sector jobs up by 19.3%

Alberta ag sector jobs down 18.7% in four years: ATBResearch by ATB Financial’s Economics & Research Team indicates Alberta’s job recovery from the depths of the recession depends on which sector of the economy you look at. When oil prices collapsed at the end of 2014, thousands of oil patch jobs were shed. The total number of jobs has recovered but new part-time work…

Albertans drowning in debt

Average debt per Canadian consumer, including mortgages, reached $71,300 in the first quarter of 2019: Equifax

Albertans drowning in debtAverage Alberta debt levels – excluding mortgages – continue to be the highest in Canada and rising, according to the latest Equifax Canada report. The report said the average debt in the first quarter of this year in the province rose by 3.4 per cent from a year ago to $29,117. At the same time,…

Alberta job growth tilted to part-time rather than full-time work

ATB Financial says numbers point to a weakening of the province’s job market

Alberta job growth tilted to part-time rather than full-time workHow is Alberta’s job market compared to before the economic downturn began when oil prices collapsed at the end of 2014? ATB Financial’s Economics and Research Team shed some light on the province’s labour market on Monday. “The average number of positions was up by 2.5 per cent in 2018 compared to 2014. Unfortunately, job…

Alberta economy still hurting from oil price crash

Alberta’s economy will stay in positive territory but with only a 0.6 per cent annual growth for this year which will be the lowest in Canada

Alberta economy still hurting from oil price crashThe effects of last fall’s oil price tumble will continue to impact the economy negatively in 2019, according to a new forecast released Friday by RBC Economic Research. The Provincial Outlook predicts Alberta’s economy will stay in positive territory but with only a 0.6 per cent annual growth for this year which will be the…

Calgary’s Global Petroleum Show to include large rally

The 51st year of North America’s leading energy event takes place June 11 to 13 at Stampede Park

Calgary’s Global Petroleum Show to include large rallyThe Global Petroleum Show, which takes place next week in Calgary, will be the setting for what is being billed as the “Largest Oil & Gas Rally in Canadian History.” The rally, in partnership with Canada Action, will take place on Tuesday, June 11, at noon in the outdoor exhibit area near the Big Four…

Oil sands production to near four million barrels a day by 2030

IHS Markit report projects slower pace of investment and growth in Canadian projects

Oil sands production to near four million barrels a day by 2030Canadian oil sands productions is expected to reach nearly four million barrels a day by 2030, or almost one million barrels more than today, according to a new 10-year production forecast by IHS Markit. But the business information provider also says production is set to enter a period of slower annual growth. “Large-scale oil sands…

ASC launches campaign to empower Alberta seniors against fraud

Securities commission focusing on improving seniors’ financial literacy

ASC launches campaign to empower Alberta seniors against fraudNearly 40 per cent of Albertans over 55-years-old believe they’ve been approached with a potentially fraudulent investment. So the Alberta Securities Commission has launched a month-long senior outreach campaign across the province. The ASC said its campaign is focused on empowering seniors to improve their financial literacy, recognize the signs of investment fraud, empower them to…

How does incentive help first-time Alberta buyers?

Tech-driven real estate brokerage Zoocasa.com has analyzed house prices and household incomes across the province

How does incentive help first-time Alberta buyers?Wondering what regions of Alberta will benefit the most – and the least – from the First-Time Home Buyer Incentive? Tech-driven real estate brokerage Zoocasa.com has analyzed house prices and household incomes across the province to come up with an answer. “The FTHBI will invest $1.25 billion over three years and will provide loans of…

Canmore leads recreational property price rises in Alberta

Royal LePage report says recreational property in Canada saw healthy price gains leading up to the 2019 spring market

Canmore leads recreational property price rises in AlbertaDriven by price gains in Canmore, the largest reporting region in Alberta, the aggregate price of a single-family home in recreational regions rose 10.2 per cent to $819,583, according to a report real estate firm Royal LePage. The report said the aggregate price in the province is expected to increase 2.4 per cent in 2020.…

Alberta has highest median monetary fraud rate: MNP report

Study of over 200 criminal convictions gleans critical insights about how Canadian organizations can reduce fraud

Alberta has highest median monetary fraud rate: MNP reportThe first national study of its kind, Fraud Aware 2019: National Study on Reported Fraud Cases in Canada, has found that the most convictions and the largest reported losses due to fraud were seen in Ontario, Quebec, Alberta and British Columbia. Business advisory and accounting firm MNP LLP released the results of the study on…

Production in all primary energy sectors rises

And StatsCan says exports of crude oil and equivalent products increased in March

Production in all primary energy sectors risesProduction in all primary energy sectors rose in March compared with a year ago, according to data released Wednesday by Statistics Canada. And over the same period, exports of crude oil and equivalent products increased, while exports of natural gas and electricity decreased. The federal agency said production of crude oil and equivalent products rose…

Monument at Spruce Meadows honours Alberta leaders

Alberta Champions Society honours six outstanding individuals who made a lasting impact on the province

Monument at Spruce Meadows honours Alberta leadersThe Alberta Champions Society commemorated on Tuesday six outstanding individuals who have made a lasting impact on Alberta. The society unveiled it newest monument at Spruce Meadows to honour David E. Black, Martha Cohen, Haider Dhanani, Ruth Gorman, John Robert (Bud) McCaig and Ron Southern. The Alberta Champions Society was created in 2003 by Gordon…
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