 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.# _* v& Y1 L! q
6 @; S4 }1 A- v2 B" F" M
"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 `6 o& M! n4 L6 i4 V
( o/ n! z% h& x% n# b0 f4 h
Calgary to have Canada's fastest growing economy this year, Conference Board says
; ?, `8 ]8 e# OThe 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."
# Q2 [* O/ v. ? T1 E
" q9 N' m1 n1 x- S# |! fThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.- |, d- L( q' b+ G& p5 @
/ i% v" S6 Y& {- S1 Z6 {! F"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.6 j& J( e \( ?1 A
# A6 q1 E* ^) U) C; Q
"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."
& Q6 y7 d# Q7 G+ x/ Z( e
) A$ n% Y$ Z$ o8 z8 k
0 D/ E; H6 i& Z! c. [& F) XThe "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.& A- ]0 R# d9 E$ `3 U
: w' ~1 G1 y. 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.
4 q, \$ b5 J! @- a! ?! K9 A+ \8 Z4 {+ `0 k1 F$ |& I9 g. K
"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.
. v8 K, i0 S( v
/ i2 Y+ D6 s: ~/ v4 t0 w$ H" ^3 ~7 hOil price rises to 2-year high above $58 US on supply slowdown
; e7 n Y8 O/ w: Z5 l4 tCalgary's downtown office vacancy glut shrinks for 1st time since downturn began |
|