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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.- ^8 F' z4 P+ f
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"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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; Z% l0 l& p1 WCalgary to have Canada's fastest growing economy this year, Conference Board says
/ X; C) T! G0 a& ]8 D1 g- sThe 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."5 a+ Q" K6 X" }
! }. e9 _" T% v+ H% U- LThe Conference Board, meanwhile, points to numerous signs that Alberta's economy is growing even faster than that.$ [( w- M0 w- n1 R# R
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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., }" ^' k! b. j: O
$ z; D2 e/ j4 ]! W ]"With oil prices steadily improving since the summer, Alberta's economic performance could well surprise on the upside once more."9 L3 i! V# D6 Y# T3 V1 D# k' K4 A: c
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- Q- O* N3 r$ {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.
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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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( w8 P! V* e2 ~* n/ w2 x9 b& g4 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.
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Oil price rises to 2-year high above $58 US on supply slowdown
% [' r1 T( d* ]9 G) ?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
