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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.
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) D& F. G; _9 `4 P$ \ C"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.4 t6 ?3 E6 D+ G+ I% g; n6 p
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Calgary to have Canada's fastest growing economy this year, Conference Board says
5 t( k8 K7 _+ Y7 X% 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."
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4 i6 z' `7 O9 dThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.2 T0 l: I$ S1 x, x2 V
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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.8 h# {4 ]7 U8 u6 W1 c+ @7 s
E" L$ |6 f) w' r1 z; S+ A+ z j"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
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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.9 l7 F. n" J$ l7 L, p
+ S# ^8 J D& n3 z3 j9 GIt 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.! D! u' S c+ r) h; J' G z! L
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"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.
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Oil price rises to 2-year high above $58 US on supply slowdown
9 P2 g- d {* sCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
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发表于 2017-11-23 11:38
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发表于 2017-11-23 11:53
