Alberta moving out of recession into modest recovery: quarterly update

[mentalfloss]

Alberta moving out of recession into modest recovery: quarterly update

The Alberta government had some good news to report with its latest quarterly update — real GDP is expected to grow by 2.4 per cent in 2017, meaning the province may be finally moving out of recession and into a modest recovery.

According to the third-quarter fiscal update released Thursday, 18,000 jobs have been created since a low point in July 2016, with the majority (12,500) in the oil and gas sector.

"The evidence shows that the storm clouds are starting to recede with a little more sunshine peeking through," said Finance Minister Joe Ceci.

Ceci said the province is expected to return to balanced budgets in 2023 and 2024.

Alberta moving out of recession into modest recovery: quarterly update - Edmonton - CBC News

 

[Danbones]

obama called all his banker bailouts a recovery which it never was, is, or will be
lol

Ceci said the province is expected to return to balanced budgets in 2023 and 2024

...a global warming is man made, hillary is going to win, refugee terrorists are good for you kind of budget

 

[mentalfloss]

Lay off the stupid.

 

[Curious Cdn]

Lay off the stupid.

He can't help himself.

 

[mentalfloss]

True.

What else can one do in a trailer?

 

[DaSleeper]

Another fake news thread...

 

[petros]

F-ck face, YOU are the last person around here that can call someone else stupid.

Here is real story directly from RBC not the Flosshole/CBC alternative version.

Canada’s economy regained momentum in the second half of 2016 and is poised for sustained growth throughout 2017, reveals an RBC report. GDP growth of 1.3% is expected for 2016, 1.8% for 2017 and 2.1% for 2018.

“The Canadian consumer drove growth again in 2016,” says Craig Wright, senior vice-president and chief economist at RBC, in a release. “Despite falling energy investment and the Alberta wildfires weighing on the economy, strong consumer spending and housing market activity supported growth in 2016. In 2017, a bounce-back in energy investment and anticipated fiscal stimulus are expected to provide a further boost.”

Consumer spending increased 2.2% in 2016, while home sales rose 4.4%, with average prices jumping 9.5%. While the sources of economic strength are expected to shift in 2017, the net impact will be continued forward momentum in the Canadian economy.

Although core inflation is likely to top the Bank of Canada’s 2% target, RBC expects the Canadian central bank will hold the overnight rate steady throughout 2017 with the first rate hike expected to come in 2018.

 

[Danbones]

Lay off the stupid.

you are the stupid I am not laying off on
yah nazi duesch

He can't help himself.

of course not
I can't lay off on you either

 

[petros]

you are the stupid I am not laying off on
yah nazi duesch

As you should.

 

[Danbones]

True.

What else can one do in a trailer?

you and cannuck have that all figured out eh...
together

how sweet the rainbow

 

[petros]

Another fake news thread...

I posted the real story. Enjoy

 

[Danbones]

yeah nice shot that
a real bottom left "corner"

 

[IdRatherBeSkiing]

Thank God for improving oil prices.

 

[petros]

Thank God for improving oil prices.

And energy investment. It's great for CANADA'S economy.

 

[mentalfloss]

Another fake news thread...

No evidence.

 

[Cannuck]

you and cannuck have that all figured out eh...

No. I'm pro oil and Flossy is anti oil if you weren't such a moron you would know that

 

[mentalfloss]

Eh..

I've softened recently.

We have a carbon price in place and that creates a sufficient balance in my view.

 

[DaSleeper]

So.... all that is needed to stop global warming is a new tax....

 

[mentalfloss]

That's one of the mechanisms, yes.

 

[pgs]

So.... all that is needed to stop global warming is a new tax....

Of course it creates a balance and allows your liberal betters to spend more .