ATB's Quarterly Alberta Economic Outlook
ATB leverages its understanding of Alberta's economy to produce a quarterly economic forecast for the province.
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.
SubscribeATB leverages its understanding of Alberta's economy to produce a quarterly economic forecast for the province.
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
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.
Fourth of July special
Oil production remained at record highs in May
Small business confidence in Alberta in June
A review of the key economic highlights of the week impacting Alberta.
The long and winding road…to lower inflation and interest rate cuts
A new outlook and a new look
Neighbours on different paths
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