Alberta to lead economic growth in Canada in 2018

[dmlfarmer]

Many posters on this forum claims Notley has destroyed the Alberta economy. Then why is Alberta forecast to lead Economic growth in Canada in 2017 with a real growth rate of 3.3%? Conference Board of Canada news release states:
"Following two years of contractions, Alberta’s economy is expected to outperform all provinces and grow by 3.3 per cent this year. Non-conventional oil production in the province will see a big increase this year thanks to new capacity coming online, while energy investment is expected to make a comeback this year and next. Outside of the energy sector, Alberta is benefiting from improvements in labour markets, consumer demand, and the housing sector. A bright outlook for the province’s manufacturing sector as a result of the new Sturgeon refinery, along with the rebuilding efforts in Fort McMurray, will also contribute to Alberta’s strong economic growth this year."[URL="http://www.conferenceboard.ca/press/newsrelease/17-05-29/western_provinces_to_lead_economic_growth_in_2017. aspx?AspxAutoDetectCookieSupport=1"]http://www.conferenceboard.ca/press/newsrelease/17-05-29/western_provinces_to_lead_economic_growth_in_2017. aspx?AspxAutoDetectCookieSupport=1[/URL]

[SASKFARMER3]

HA HHA HAHAHAHAHAHAHHAHAH

HAHAHAHAHAHAHAH


Nut Case is on her way out another feel good story.

Election is in the air.

Just like Christmas.

[grassfarmer]

SF3 you insult the people of Alberta with your stupid little "right wing" "left wing" jabs. Truth is Governments come and go and they don't run the businesses of a province. The people of AB don't change when there is a change of Government, they have the same work ethic and business sense they always had so why would the results change?

[Hamloc]

Dml in 2015 Alberta's economy shrank 4%, in 2016 it shrank another 3.8%. It was certainly bound to recover to some extent with the price of oil and the completion of a few large oil sands projects that were under construction before the oil price crash. Unemployment is still I think 7.8% and government revenues still haven't fully recovered. Next years projected growth is just over 2% I believe. Sometimes politicians toot their own horn before they really should imo!

[Hamloc]

Dml, kind of funny, click on financial post web page after being on Agriville and this headline jumps out at me"B.C. Is now the worst destination in Canada for oil and gas investors-and among the worst in the world:survey". It appears the NDP government in BC is viewed as somewhat anti-business, now there's a surprise lol 😀

[sumdumguy]

Where do these left-wing lunatics think tax dollars come from?

[ajl]

Very misleading. Fact is that it is growth off of a shrunken base. Then you compare to the rest of Canuckistan in which the real economy is shrinking. Name one private sector growth initiate in Canuckistan in the last decade. Then you have FT Mac rebuilding which is replacing a huge amount of wealth destroyed by fire which is the broken windows theory of economics. Should pay vandals to destroy in order to spur economic growth. The rebuilding effort there has a damper effect on growth elsewhere and in the future. The big surprise is while Notley and crew have for the most part destroyed, it is not worse around here.

[chuckChuck]

The Conservative memory is short. It was the falling price of oil that caused Alberta to go into recession. Notley is pro pipeline you knob heads. The election is coming now its time to blame Notley for the recession! Too Funny !

[errolanderson]

Alberta is a long ways from getting out of this economic fire given worsening credit ratings and explosive government debt load. This hasn't been given much media attention given its potential long-term impact.

Alberta leading Canada's recovery is a 'play-on-numbers' as our business activity has shrunk significantly. This is a bounce in an already overall smaller, struggling economy. Calgary, as an example, has to now re-invent its economy. The oil industry will no longer carry-the-load. Downtown remains a ghost town with 30% plus office vacancy and more small business 'closing up' shop. The technology industry has to be built and offer diversity, but this may take years to develop.

The quickly expanding Federal and provincial debt load is a serious concern (IMO). Cities appear much more fiscally responsible. Calgary budgets are now being chopped and adjusted and it's going to hurt.

2018 just won't be a bowl-of-roses the Conference Board of Canada and banks suggest with overhanging explosive debt loads and struggling economic growth. To me, this suggests an incoming recession will be no walk in-the-park . . . .

[AlbertaFarmer5]

What it should read, is economy grows inspite of government. Regardless of which government, and which party. They are all an impediment to growth, some just worse than others. One positive to be said, when Notley first got in, we were all afraid she would keep her election promises, so on top of the price of oil dropping, there was also a fear of investing due to the uncertainty over her policies. But like all good politician, she has broken most of her most ludicrous promises to the left voters, and business is slowly regaining confidence that her government is not as bad as it could have been.

And as others have noted, even dead cats bounce, coming from such a low level of actual negative growth, it is easy to grow.

[farming101]

even dead cats bounce,

Depends how long they've been dead....

[AlbertaFarmer5]

Depends how long they've been dead....

So what are you saying, you don't think new Brunswick is going to bounce anytime soon?

[SASKFARMER3]

No grass you insult all parties with your out of touch Socialist agenda.

It doesn't work it never had and never will.

Keep telling your self you got it all figured out.

A Troll is a troll is a troll.

[shtferbrains]

Actually Grassy is about right on this time.

Most of the first ones to be let go in the patch were just standing around keeping the real workers company. No loss in production and a huge gain in productivity.

Same goes for some of the companies that got swallowed or came floating up belly up.

Capitalism at it's finest.

The ones left out there are the best and the brightest. Most will tell you things arn't that bad recently.

Oil's imminent demise is highly exaggerated.

Even if Mr Trudeu says we have to get Ft Mac shut down.

Spell chek that for me grassy.

[Hamloc]

Finance Minister Joe Ceci released the second quarter fiscal update today. Oil revenues are up from what was projected but personal and corporate income tax still below projections and still over $10 billion in debt. Where are all the benefits of this strong growth?