ATB's Quarterly Alberta Economic Outlook
ATB leverages its understanding of Alberta's economy to produce a quarterly economic forecast for the province.
The Twenty-Four Seven by ATB
Welcome to The Twenty-Four Seven. With a fresh new look, The Twenty-Four Seven delivers the analyses, insights and news you’ve come to expect from our team of economic experts.
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Chart of the week
June 28, 2024
Chart of the Week: Oil and gas investment projected to rise over time
There is a lot going on in Alberta than oil and gas. With that said, oil and gas is still a pretty big deal. This is made clear when we consider that 42% of the $69.4 billion of non-residential capital spending in Alberta in 2023 was in the oil and gas extraction sector. According to the latest outlook from the Alberta Energy Regulator, nominal oil and gas capital spending (including the “emerging” resources of geothermal, hydrogen, helium, and lithium) in Alberta will increase by $9.1 billion between 2023 and 2033 for an average annual increase of 2.6%. As such, spending will remain well below the historical peak reached in 2014, but the upward trajectory bodes well for both the sector and the Alberta economy.
Economic Insights Focused on Alberta's Economy
ATB’s team of economists make sense of the latest data and trends in daily insights delivered right to your inbox.
THE TWENTY-FOUR (daily)
Retail sales, the unemployment rate, population growth, inflation, international trade—these are just a few of the economic trends the team makes sense of in ATB’s daily insights.
Holding their own
Restaurant and bar sales in Alberta
Demographic directions
Alberta’s population projected to keep growing
Not just yet
Inflation stubborn in May
THE SEVEN (weekly)
A review of the key economic highlights of the week impacting Alberta.
The Seven, June 28, 2024
The long and winding road…to lower inflation and interest rate cuts
The Seven, June 21, 2024
A new outlook and a new look
Weekly Wrap, Friday, June 14, 2024
Neighbours on different paths
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