Alberta manufacturing sales plunge 13% in year as most provinces see upswing

[damngrumpy]

I have lived under conservative liberal and NDP governments had no problems
with my business. This old bash the NDP is wearing thin these days Alberta
is in trouble because they didn't have a diversified economy and the four decades
of Conservative rule did not have the vision to see what might happen as they
spent the heritage fund and set the Province up for failure

 

[taxslave]

Alberta manufacturing sales plunge 13% in year as most provinces see upswing

A Statistics Canada report paints a stark contrast between a robust national economy and one in Alberta that continues to shrink because of the collapse of the oil and gas sector.

Manufacturing sales Canada-wide rose 2.3 per cent in January to $53 billion — an all-time high, the report released Wednesday says.

Sales are up 5.6 per cent since last January, driven mostly by higher sales of motor vehicles, vehicle parts, and food. Sales rose in 16 out of 21 industries.

Meanwhile, manufacturing sales in Alberta were down almost four per cent from December to January. Year-over-year sales plummeted 13.2 per cent.

"Sales in Alberta fell for the sixth time in seven months, largely as a result of lower sales of petroleum and coal products, and fabricated metal products," the report said.

More pain ahead

Manufacturing in Alberta is largely driven by the oil and gas industry, says ATB Financial's chief economist Todd Hirsch.

"Eighty per cent or so of our manufacturing in this province is related in one way or another to that petroleum sector, whereas the rest of the Canadian economy, especially around automotives and auto parts, is doing quite well," said Hirsch.

The sale of petroleum and coal products in particular fell almost six per cent, the Statistics Canada report said.

"Those manufacturers [are] not getting as many orders coming in, their order books are drying up, eventually they're going to be forced to lay people off," Hirsch said.

"We've been seeing this already for about a year and I think we're going to continue to see some layoffs in that manufacturing sector going forward," he added.

Last year, manufacturing sales in Alberta dropped almost 16 per cent, according to Statistics Canada.

The petroleum and coal product industry was the largest manufacturing industry in Alberta from January 2009 to September 2015.

In October 2015, it dropped to second place, behind the food industry.

And last month it fell to third place, behind both food and chemicals, Statistics Canada says.

Alberta manufacturing sales plunge 13% in year as most provinces see upswing - Calgary - CBC News

Must be Dutch Disease.

 

[mentalfloss]

If Alberta is screwed, then so is the ROC. So, you better hope you are wrong. Plus, as I have said, approve energy east and stop buying Saudi oil. Why the hell are we supporting a country that is hell bent on destroying us? DO you morons back east not have any brains at all?

It wasn't 'the east' that signed an arms treaty with them.

And we still import oil because Harper was unsuccessful at getting an east west pipeline completed.

But all of this is still secondary to the fact that the Saudis will continue to have the better product, despite their human rights reputation. Creating pipelines will not deter them from producing more oil than us or pushing us out of the market completely.

It's like China with manufacturing.

Human rights and environmental regulation is what would balance the playing field, not market forces.

 

[captain morgan]

Anyone notice how certain posters have tried to wrestle this thread onto car manufacturing-none of which happens anywhere near Alberta?

Auto mfg possibly represents Canada's largest manufacturing sector..... It is completely relevant to any discussion related to the health of the nation's overall manufacturing sector

Why is that do you think?

What do I think?

Well, I think that you're worried that no more Alberta oilmen will be requiring your driver service whilst in YVR.

Don't be depressed bud, there will be plenty of those oil guys needing a lackey to cart them around from restaurants to bars in the short term.... Your little job is safe

 

[DaSleeper]

It wasn't 'the east' that signed an arms treaty with them.

And we still import oil because Harper was unsuccessful at getting an east west pipeline completed.

But all of this is still secondary to the fact that the Saudis will continue to have the better product, despite their human rights reputation. Creating pipelines will not deter them from producing more oil than us or pushing us out of the market completely.

It's like China with manufacturing.

Human rights and environmental regulation is what would balance the playing field, not market forces.

Yup.... It's Harper's fault because a Greenie Lieberal government in Ontario and the PQ in Quebec blocked it!:roll:

 

[gerryh]

It wasn't 'the east' that signed an arms treaty with them.

And we still import oil because Harper was unsuccessful at getting an east west pipeline completed.

But all of this is still secondary to the fact that the Saudis will continue to have the better product, despite their human rights reputation. Creating pipelines will not deter them from producing more oil than us or pushing us out of the market completely.

It's like China with manufacturing.

Human rights and environmental regulation is what would balance the playing field, not market forces.

We produce enough oil to supply Canada's needs. We don't NEED to buy Saudi oil, so it is irrelevant how much they can produce, or what they sell it at.


Now, the "arms deal", at this point in time nothing has been shipped. IF anything get's shipped, it will be under the Liberal watch, not the conservatives.

 

[Durry]

I have lived under conservative liberal and NDP governments had no problems
with my business. This old bash the NDP is wearing thin these days Alberta
is in trouble because they didn't have a diversified economy and the four decades
of Conservative rule did not have the vision to see what might happen as they
spent the heritage fund and set the Province up for failure

As usual, you don't have your facts straight.

Copy/paste

"Other sectors have shown considerable growth over the past two decades. From 1985 to 2014 the following non-energy sectors grew strongly:
• Construction sector from 6.7 per cent share of GDP in 1985 to 11.6 per cent in 2014;
• Finance and real estate sector from 11.0 per cent to 12.8 per cent; and
• Business and commercial services sector from 5.5 per cent to 10.2 per cent."

See page 9,

https://www.albertacanada.com/files/albertacanada/SP-EH_highlightsABEconomyPresentation.pdf

Because of the NDP Gov, no companies are moving to AB, in fact they are leaving because of the NDs.
Notley has not been able to attract one company to AB, and she hasn't even been able to create jobs for ABs.

Totally useless pos.

 

[mentalfloss]

We produce enough oil to supply Canada's needs. We don't NEED to buy Saudi oil, so it is irrelevant how much they can produce, or what they sell it at.


Now, the "arms deal", at this point in time nothing has been shipped. IF anything get's shipped, it will be under the Liberal watch, not the conservatives.

We make profit by exporting it and there will be no demand for our oil because the Saudis are pumping a better product that is more accessible.

Yup.... It's Harper's fault because a Greenie Lieberal government in Ontario and the PQ in Quebec blocked it!:roll:

What will be your new talking point if a pipeline is built under the current government?

I need to mentally prepare myself.

 

[bill barilko]

How the (ex) Mighty Oil Kingdom of Al-Ber-T'ah has fallen!

 

[MHz]

I doubt many Albertans are committing suicide over this slowdown.

 

[Angstrom]

Be nice to people on your way up, so that people will be nice to you on your way down.

 

[Durry]

The Liberals are taking us all down.

Biggest one year deficit in the history of Canada coming down next week.

 

[Curious Cdn]

Anyone notice how certain posters have tried to wrestle this thread onto car manufacturing-none of which happens anywhere near Alberta?

Why is that do you think?

It was brought up by Durry (a Westerner)... post 7 , then 10 and I responded directly to him/her ... posts 9 and 13. That is it ... two posts each. It must be an Ontario based conspiracy.

 

[captain morgan]

Be nice to people on your way up, so that people will be nice to you on your way down.

+200 billion paid-out in transfer payments nice enough?

 

[mentalfloss]

And not one request from the prairies for Harper to change the equalization formula that entire time.

Funny how that works.

 

[personal touch]

I have been thinking of taking my curse off of Alberta,this would be the right thing to do,do you think?

 

[MHz]

Wait till a few more head back to their original Provinces.

+200 billion paid-out in transfer payments nice enough?

Since most of it went to Quebec any way of telling what they actually spent it on as the French are notorious for being shady at best and downright greedy at worst?

 

[mentalfloss]

I doubt many Albertans are committing suicide over this slowdown.

No, they just ask for handouts.

 

[MHz]

You mean ask for some of their money back don't you?

 

[Angstrom]

You mean ask for some of their money back don't you?

So Ontario was only asking for some of its money back ???

ooh snap......! $hit just got real relative.