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Friday, January 22, 2016 - Overall inflation still low, but food inflation is taking off

Todd Hirsch ? Chief Economist January 22, 2016 Overall inflation still low, but food inflation is taking off The annual rate of price increases for consumers in Alberta actually dropped a bit in December. According to the latest data from Statistics Canada, the all-items consumer price index rose 1.5 per cent in December from a year ago, down from two per cent in November. But breaking down the inflation rate into various sub-categories of consumer items, one notices a big difference in price ... Full Article...

posted in General at Fri, 22 Jan 2016 10:11:57 -0700



Monday, January 18, 2016 - Non-residential construction held on in 2015

Todd Hirsch ? Chief Economist January 18, 2016 Non-residential construction held on in 2015 Signs of the economic slowdown are all around us in Alberta, but the one surprising indicator where we have yet to see much downturn is construction activity. Indeed, if a Martian landed in downtown Edmonton or Calgary today, it might well assume that the province is booming. In the fourth quarter of last year, a total of $2.74 billion was spent on non-residential construction, essentially unchanged from ... Full Article...

posted in General at Mon, 18 Jan 2016 08:58:51 -0700



Friday, January 8, 2016 - Albertaâ??s job market at the end of 2015

Todd Hirsch ? Chief Economist January 8, 2016 Alberta's job market at the end of 2015 In December, Alberta shed another 3,900 positions?not bad considering the low level of oil prices and the extent of the economic downturn that had set in by that time. Still, it was the third month in a row of losses. The unemployment rate held steady in December at seven per cent. Looking back over the entire year, the deterioration of the labour market can be seen in both the absolute number of jobs as well ... Full Article...

posted in General at Fri, 08 Jan 2016 10:53:28 -0700



Tuesday, December 22, 2015 - Wages still falling

Nick Ford ? Economist December 22, 2015 Wages still falling In their monthly Survey of Employment, Payrolls and Hours, Statistics Canada revealed that Alberta was the only province to record a decrease in average weekly earnings over the year in October. Though wages did increase minimally from September to October (+0.6 per cent), wages were down by 1.8 per cent from last year.Despite this yearly decline, Albertans continue to be paid the highest wages of all the provinces. On average, ...

posted in General at Tue, 22 Dec 2015 10:25:26 -0700



Monday, December 14, 2015 - Price causes oil extraction to fall

Nick Ford ? Economist December 14, 2015 Price causes oil extraction to fall After an all-time high in August, the latest oil supply and disposition figures reveal that Alberta?s oil producers were far less busy in September. Oil extraction in our province dropped by 17.1 million barrels (-16.5 per cent) from August to September. Despite the hefty fall in extraction, crude withdrawals were at virtually the same levels seen a year ago when oil averaged around $US 93 (WTI). Oil exports from our ... Full Article...

posted in General at Mon, 14 Dec 2015 09:07:51 -0700



Friday, December 11, 2015 - Alberta's use of advanced technology

Nick Ford ? Economist December 11, 2015 Alberta's use of advanced technology In the December 5th issue of The Economist, the idea that factories do not seem to be making things faster was noted. Has our technology caught up to us so that we?re not able to make goods, or extract resources as quickly? Or, are businesses not adopting the newest and most efficient forms of technology that exist? Here in Alberta, it could be a bit of both. Research from Statistics Canada?s Survey of Advanced ...

posted in General at Fri, 11 Dec 2015 13:34:00 -0700



Thursday, December 10, 2015 - November housing starts defy expectations

Nick Ford ? Economist December 10, 2015 November housing starts defy expectations On the back of this week?s building permit numbers, Alberta?s housing market again managed to defy expectations and flex its muscles, at least according to the most recent data from the Canada and Mortgage and Housing Corporation. Housing starts managed to regain traction after moderating in October. Housing starts reached 43,122* in November. Last month?s reading is 11 per cent higher than the yearly average ...

posted in General at Thu, 10 Dec 2015 10:51:44 -0700



Wednesday, December 9, 2015 - Hiring intentions outweighed by downsizing

Todd Hirsch ? Chief Economist December 9, 2015 Hiring intentions outweighed by downsizing The first quarter of 2016 is not looking great if you?re a job seeker in Calgary. Then again, it?s also not looking all that bad if you?re worried about being laid off. According to the most recent Manpower Employment Outlook Survey, released yesterday, an equal number of employers in Calgary are looking to either increase or decrease their staffing levels?each at eight per cent?over the first quarter of ... Full Article...

posted in General at Wed, 09 Dec 2015 14:55:40 -0700



Wednesday, December 3, 2014 - Bank of Canada maintains overnight rate target at 1 per cent

The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.

Inflation has risen by more than expected. The increase in inflation over the past year is largely due to the temporary effects of a lower Canadian dollar and some sector-specific factors, notably telecommunications and meat prices. Underlying inflation has edged up but remains below 2 per cent.

The U.S. economy has clearly strengthened, particularly business investment, which has benefitted Canada’s exports. Growth in the rest of the world, in contrast, continues to disappoint, leading authorities in some regions to deploy further policy stimulus. Oil prices have continued to fall, due to both supply and demand developments. In this context, global financial conditions have eased further.


posted in General at Wed, 03 Dec 2014 08:05:59 -0700



Tuesday, October 2, 2012 - CALGARY AREA SALES AND PRICE GROWTH CONTINUE, DESPITE NATIONAL TRENDS

Calgary, October 1, 2012 ? Residential sales activity continuesto improve in the Calgary area, as year-over-year sales for themonth of September increased by 11 per cent. After the firstthree quarters of the year, residential sales within city limitstotaled 17,018, a 15-per-cent increase over 2011.?There has been significant discussion over the slowingnational market,? said Bob Jablonski, CREB® President.?However, Calgary is seeing improving sales activity and pricegrowth with no indication ... Full Article...

posted in General at Tue, 02 Oct 2012 16:25:50 -0600



Tuesday, April 12, 2011 - Bank of Canada maintains overnight rate target at 1 per cent

FOR IMMEDIATE RELEASE12 April 2011 CONTACT: Jeremy Harrison613 782-8782 -------------------------------------------------------------------------------- Bank of Canada maintains overnight rate target at 1 per centOTTAWA ?The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. As anticipated in the January Monetary Policy Report (MPR), the global economic ...

posted in General at Tue, 12 Apr 2011 09:03:27 -0600



Saturday, March 26, 2011 - Carpe ver! Seize the spring and clean up your budget!

  Happy spring! The sun is out, the birds are singing, and here in Canada, weprobably only have one or two more surprise snowfalls before summer. While you are busy freshening up your home and garden, you might want toconsider pulling out your wallet, blowing off the dust and giving it a goodseasonal purge as well. Your finances are like anything else in life: aftera while, you start to forget your good habits, and things tend to getsloppy, neglected and disorganized. So seize the spring, ...

posted in General at Sat, 26 Mar 2011 09:27:26 -0600



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