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Alberta forecast to lead Canadian growth in 2012
CALGARY ` Alberta`s economic growth will remain in the pole position ahead of all other provinces in 2012, according to the latest RBC Economics Provincial Outlook.
RBC expects province`s economy will grow by 3.8 per cent this year, the fastest rate in Canada and well above the national average of 2.1 per cent. But in 2013 it sees growth dropping to 3.6 per cent, second only to Saskatchewan`s nation-leading 4.0 per cent.
`Alberta started 2012 on a high note with strong gains across the majority of sectors, including continued massive capital investment in the provincial energy sector,` said Craig Wright, senior vice-president and chief economist, RBC, in a statement. `Employment, retail sales, home resales and housing starts are all up, while the jobless rate is trending down. Alberta`s current economic boom is built on a solid foundation and we expect the rapid growth trend to continue in 2013 at a pace of 3.6 per cent.`
Read the full article here.
CALGARY ` Alberta`s economic growth will remain in the pole position ahead of all other provinces in 2012, according to the latest RBC Economics Provincial Outlook.
RBC expects province`s economy will grow by 3.8 per cent this year, the fastest rate in Canada and well above the national average of 2.1 per cent. But in 2013 it sees growth dropping to 3.6 per cent, second only to Saskatchewan`s nation-leading 4.0 per cent.
`Alberta started 2012 on a high note with strong gains across the majority of sectors, including continued massive capital investment in the provincial energy sector,` said Craig Wright, senior vice-president and chief economist, RBC, in a statement. `Employment, retail sales, home resales and housing starts are all up, while the jobless rate is trending down. Alberta`s current economic boom is built on a solid foundation and we expect the rapid growth trend to continue in 2013 at a pace of 3.6 per cent.`
Read the full article here.