Sweet 90
08-20-2012, 4:00pm
Well if Obama gets in again, y'all have an out:rofl:
Edmonton, Calgary lead Alberta's economic growth
Edmonton and Calgary will lead the way, as Alberta's economy is expected to grow over the next four years. A report released by BMO Capital Markets Economists Friday, suggests that rising oil production will improve Alberta's economy, housing and labour market.
"The BMO outlook delivers good news for businesses and residents in Edmonton, and based on projected growth rates, we're confident the Edmonton economy can remain on a very healthy growth path," said Rick Hersack, Chief Economist, Edmonton Chamber of Commerce.
The unemployment rate is expected to dip to pre-recession levels, dropping below four percent by 2016.
"Over the medium term, employment in Alberta's two largest cities should strengthen through 2016, adding a combined 120,000 jobs," said Robert Kavcic, Economist, BMO Capital Markets and author of the report.
With the population in both major cities on the rise, experts anticipate a pickup in housing demand, with average prices moving higher, as well. In July, the average house price in Calgary was $409, 700; in Edmonton it was $337,300. However, the average house price in both cities still remains below the 2007 peak.
Alberta leads the nation in economic growth in 2012 at 3.2 percent. The national projection is 2 percent. :cert:
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Think we really need Liberal eastern Canada:seasix:
Edmonton, Calgary lead Alberta's economic growth
Edmonton and Calgary will lead the way, as Alberta's economy is expected to grow over the next four years. A report released by BMO Capital Markets Economists Friday, suggests that rising oil production will improve Alberta's economy, housing and labour market.
"The BMO outlook delivers good news for businesses and residents in Edmonton, and based on projected growth rates, we're confident the Edmonton economy can remain on a very healthy growth path," said Rick Hersack, Chief Economist, Edmonton Chamber of Commerce.
The unemployment rate is expected to dip to pre-recession levels, dropping below four percent by 2016.
"Over the medium term, employment in Alberta's two largest cities should strengthen through 2016, adding a combined 120,000 jobs," said Robert Kavcic, Economist, BMO Capital Markets and author of the report.
With the population in both major cities on the rise, experts anticipate a pickup in housing demand, with average prices moving higher, as well. In July, the average house price in Calgary was $409, 700; in Edmonton it was $337,300. However, the average house price in both cities still remains below the 2007 peak.
Alberta leads the nation in economic growth in 2012 at 3.2 percent. The national projection is 2 percent. :cert:
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>
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Think we really need Liberal eastern Canada:seasix: