 鲜花( 0)  鸡蛋( 0)
|
Alberta's economy is on pace to grow by a blistering 6.7 per cent this year, far outpacing every other province, according to the latest forecast from the Conference Board of Canada.- r# I+ W7 a+ S8 e# I% R, y
% N r( @1 G7 Y; ~: ~) S$ H: k"Thanks to rising oil production and a swift turnaround in drilling levels, Alberta surged out of recession this year," Marie-Christine Bernard, director of the organization's provincial forecasting, said in a release Wednesday.: Z- g( S d: J! I4 o" c- |
{. j- a( c+ |+ S
Calgary to have Canada's fastest growing economy this year, Conference Board says( E# j! x* [0 _6 p
The report comes two days after a projection from ATB Financial that pegs real GDP growth at 3.9 per cent in Alberta for 2017, "which is likely to be the highest among the Canadian provinces."
. V! m$ R) _6 @3 n' |0 T0 u) k( |$ H4 G
The Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
# F' x4 F& \+ N) f c" b+ Q# P! v# a
"The domestic economy also performed well, as consumers who had delayed making major purchases during the recession flocked to car dealerships and retail stores," the report reads.
, r |7 O! G/ w2 x* D, [9 o3 Y! n7 o8 G) @+ K- _5 ^$ |
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."1 P8 ~ D* A1 b- K- u4 C
2 D+ Y, ~5 Y8 U8 P8 i- A2 Y7 C: p- f8 [
The "booming growth" in 2017 comes after two years of economic contraction, and the Conference Board cautions that Alberta won't keep up that pace next year.
) P3 h S. a2 a0 _8 X) y" l! y3 ?. z7 M8 d
It forecasts provincial GDP to grow by 2.1 per cent in 2018, behind British Columbia's projected rate of 2.7 per cent and Newfoundland and Labrador's 2.4 per cent.2 ?1 g9 Z, X$ k8 |
`/ N. H: z2 D( \+ w"However, recent strength in oil prices could help maintain the momentum in drilling and push economic growth higher over the near term," the report adds.
) o$ v' y3 ~' V; x7 w0 N- o4 B. n+ ~( I5 J n# s
Oil price rises to 2-year high above $58 US on supply slowdown
# r. h! W3 f+ s% u( |7 o) w1 sCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|