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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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* I$ H& w, s5 Z( g7 A/ x+ A8 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.
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) p+ W1 v3 g5 e8 W) }$ @0 A' RCalgary to have Canada's fastest growing economy this year, Conference Board says8 P7 s- Q5 Y' Z/ H
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."
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8 h8 _( o$ O' @6 v2 l7 FThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.
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: Q3 G/ ?, l3 X' E2 W"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./ c1 o Y2 R( Y+ q
- p$ w1 w E. `7 S"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more.": ]2 a: ~2 B/ H% ?) Q, N- P
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& R- j9 B$ b$ bThe "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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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.
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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.( t! C( |9 U! [1 \) @" O* O+ }- a
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Oil price rises to 2-year high above $58 US on supply slowdown4 R) D+ K9 R8 t8 m. Z
Calgary'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
