More layoffs anticipated as recession takes hold in Calgary and Alberta
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No reprieve for Alberta's economy as oil slowdown continues to take its toll in 2015: RBC Economics
RBC noted that as a result of deteriorating conditions over the summer, the Alberta economy is now expected to contract by 1.3 per cent in 2015 compared to the June forecast of a 1 per cent decline in real GDP. With a modest recovery in crude oil prices underlying RBC's forecast, real GDP growth is projected to return to positive territory in 2016, albeit marginally, at 0.6 per cent.
"A renewed downturn in crude oil prices is intensifying the pressures facing the hard-hit energy sector in 2015," Craig Wright, senior vice-president and chief economist, RBC said. "Prospects for a relatively short bout of contraction were further dampened with drought conditions, wildfires and disruptions to crude oil production exacerbating the economic downturn."
No reprieve for Alberta's economy as oil slowdown continues to take its toll in 2015:... -- TORONTO, Sept. 22, 2015
Not there!
No reprieve for Alberta's economy as oil slowdown continues to take its toll in 2015: RBC Economics
RBC noted that as a result of deteriorating conditions over the summer, the Alberta economy is now expected to contract by 1.3 per cent in 2015 compared to the June forecast of a 1 per cent decline in real GDP. With a modest recovery in crude oil prices underlying RBC's forecast, real GDP growth is projected to return to positive territory in 2016, albeit marginally, at 0.6 per cent.
"A renewed downturn in crude oil prices is intensifying the pressures facing the hard-hit energy sector in 2015," Craig Wright, senior vice-president and chief economist, RBC said. "Prospects for a relatively short bout of contraction were further dampened with drought conditions, wildfires and disruptions to crude oil production exacerbating the economic downturn."
No reprieve for Alberta's economy as oil slowdown continues to take its toll in 2015:... -- TORONTO, Sept. 22, 2015
At least the first sentence of the OP is correct. Nothing like raising taxes and costs during tough times to encourage investment.
We had patches of frost last week on higher elevations. It's arround 23 here, nice and sunny.
What? No reply yet again? If you are wondering where that came from, try googling Ontario news instead of Alberta.
CBC Politics Verified account @CBCPolitics Stephen Harper may have lost touch with Alberta values, Notley says http://www.cbc.ca/news/canada/edmonton/stephen-harper-may-have-lost-touch-with-alberta-values-notley-says-1.3238557?cmp=rss&utm_source=twitterfeed&utm_medium=twitter … #cdnpoli #hw
Luc CG @LucMatte9 @CBCPolitics Serious? 6 B$ deficit, the largest in Alberta history @ThomasMulcair #NPD #elxn42
