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| 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. % j9 }4 {+ i- S! ?( _( t! {6 M4 O1 D3 c) u- {' U2 {
 "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.+ g) g( R3 C$ t
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 Calgary to have Canada's fastest growing economy this year, Conference Board says
 1 h; M" L( Y" LThe 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."! f3 S% {- ^1 @$ D* l& U9 a8 ~
 
 4 o- ^4 _. X# D; U' ]: o: kThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
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 "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.
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 "With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
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 ) W2 ~& L' L0 z9 \/ N; KThe "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.
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 ! M9 Z4 |$ D- f- eIt 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.! h6 H) Q& u* Y8 I" o6 }% U% K
 
 6 `3 k4 S7 {9 T" H"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.2 H$ Z3 W8 ~- o( Z( i! J
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 Oil price rises to 2-year high above $58 US on supply slowdown# m% C! ]8 W; f
 Calgary's downtown office vacancy glut shrinks for 1st time since downturn began
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