Tag: Economy
Canadian government claims climate action working in report to United Nations
Canada is setting new vehicle emission and clean fuel standards in the near future Canada is making strong progress toward meeting its 2030 climate target, according to a year-end report submitted to the United Nations, according to a Government of Canada press release. One year after launching Canada’s first clean-growth and climate action plan in partnership […]
Alberta’s economy is diversifying, with strong manufacturing growth
Alberta economy setting all-time records in retail and hospitality sales Alberta’s economy turned the corner in 2017, ending the year as the fastest-growing economy in the country with increases in nearly every sector, according to an Alberta government press release. Tens of thousands of full-time jobs were added to Alberta’s economy and the unemployment rate […]
Canadian economy grew in 2017, but will slow significantly in 2018 – Conference Board
Strong employment gains in 2017, but job creation will cool in 2018, though wage growth is expected to accelerate by 3.1% As 2017 comes to a close, the Canadian economy is on track to record its fastest pace of growth since 2011 thanks to strong consumer spending and a hot housing market. Next year, however, growth […]
Alberta Govt says economy up, budget deficit down but DBRS downgrades credit anyway
Province extending salary freeze 18 months for management, non-union employees The Alberta government now forecasts the economy will grow by four per cent in 2017, up from the 2.6 per cent forecast at budget and 3.1 per cent at first quarter, according to an Alberta government press release. But credit agency DBRS announced Wednesday that […]
Alberta economy red hot in 2017 with 6.7% growth, BC and Saskatchewan still strong
2017 could see highest GDP in Alberta since 1988 Alberta’s economy is set to lead the country this year, with robust economic growth of 6.7 per cent. Next year, however, the province will take a back seat to British Columbia, who will emerge once again as the provincial growth leader, according to The Conference Board of […]
Link between economic growth and electricity use is changing around the world – EIA
In projection, GDP increases by 1.7% per year, and electricity use increases by 0.9% per year between 2015 and 2040 Growth in economic activity (measured as gross domestic product) has tended historically to be coupled with increases in electricity use as populations grow and generate more goods and services, according to the U.S. Energy Information […]
Increased US natural gas exports accelerating economy – API study
Increased LNG exports estimated to have minimal effect on natural gas price API has released a new study showing that increased exports of U.S. natural gas (in the form of liquefied natural gas or LNG) could support between 220,000 and 452,000 additional American jobs and add up to $73 billion to the U.S. economy by 2040. The […]
Wind to blow $3.7 billion in local spending to Alberta companies by 2030 – study
Alberta-based companies developed 32% of Canada’s wind capacity The Alberta Government’s plan to add 5,000 MW of new renewable energy capacity by 2030 will deliver economic opportunities, in addition to environmental benefits, according to a new report by The Delphi Group for the Canadian Wind Energy Association (CanWEA). The report was funded by the Alberta […]
Hurricanes Harvey and Irma economic, industry impacts one month later: IHS Markit
In next decade U.S. will build 25% of world’s needed capacity for new chemicals IHS Markit has released a new forecast on the impact of Hurricanes Harvey and Irma on the national and regional economies, transportation infrastructure, automotive industry and the crude oil, refining and chemical sectors, according to a press release. U.S. economic impact: “We […]
Canada one of fastest growing developed economies this year -CBOC
Exports expected to increase 2.3%, fueled mainly by soaring energy exports With strong economic growth in the first half of the year, the Canadian economy is expected to grow by an impressive 3.1 per cent in 2017, according to The Conference Board of Canada’s Canadian Outlook Bulletin: Autumn 2017. “Canada’s economy continues to perform well above […]
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