Close X
Monday, November 11, 2024
ADVT 
National

Alberta To See Modest Growth In 2016 Despite Low Oil Prices: Conference Board

Darpan News Desk The Canadian Press, 07 Dec, 2015 11:59 AM
  • Alberta To See Modest Growth In 2016 Despite Low Oil Prices: Conference Board
CALGARY — The Conference Board of Canada says Alberta should see modest economic growth next year despite persistently low oil prices.
 
It predicts the province will see real GDP growth of 1.2 per cent in 2016 after the economy shrank by 1.2 per cent this year.
 
The Conference Board said low oil prices led to a 15.2 per cent drop in energy investments this year and will mean $11 billion less in the province's economy by the end of next year.
 
Saskatchewan's energy-reliant economy is also expected to bounce back out of recession next year with two per cent GDP growth, while Newfoundland and Labrador's economy is expected to shrink by 0.8 per cent.
 
British Columbia is anticipated to lead the country with 3.6 per cent growth in 2016, thanks especially to strong construction and housing sectors.
 
Manitoba is forecast to be the second-fastest growing province with 2.5 per cent growth, while Ontario's economy is projected to grow by 2.3 per cent.
 
Prince Edward Island and New Brunswick are both expected to see modest growth of 1.6 per cent, while Nova Scotia is expected to see 2.3 per cent growth, in part due to the federal shipbuilding contract for the navy.

MORE National ARTICLES

Retired Couple In Orangeville, Ont., Opens Home To Syrian Refugees

Retired Couple In Orangeville, Ont., Opens Home To Syrian Refugees
The Logels' three children and five grandchildren, themselves frequent visitors to the family homestead located on four hectares outside town, are coming for Christmas, though the Logels recognize the holiday isn't one their guests celebrate.

Retired Couple In Orangeville, Ont., Opens Home To Syrian Refugees

Quebec Tells Doctors To Respect Court Decision Suspending Right-to-die Law

Quebec Tells Doctors To Respect Court Decision Suspending Right-to-die Law
MONTREAL — Doctors must respect a court ruling suspending Quebec's assisted-suicide law but the government won't go on a "witch hunt" against physicians who offer palliative sedation,  the province's health minister said Wednesday.

Quebec Tells Doctors To Respect Court Decision Suspending Right-to-die Law

Defence Lawyer Calls Travis Vader, Accused In Deaths Of Couple, A 'Victim'

Brian Beresh's comments came Wednesday during his questioning of Sgt. Rick Jané, the head RCMP investigator in the deaths of Lyle and Marie McCann, who vanished on a trip to B.C. in 2010.

Defence Lawyer Calls Travis Vader, Accused In Deaths Of Couple, A 'Victim'

Toronto Teen With Cystic Fibrosis Gets Second Go At Life With First-of-its-kind Triple Transplant

Toronto Teen With Cystic Fibrosis Gets Second Go At Life With First-of-its-kind Triple Transplant
TORONTO — A Toronto teen with cystic fibrosis has been given a second chance at life with a first-of-its-kind triple-organ transplant.

Toronto Teen With Cystic Fibrosis Gets Second Go At Life With First-of-its-kind Triple Transplant

Moose Cull On Cape Breton Highlands National Park Resumed Wednesday

CAPE BRETON, N.S. — A Parks Canada plan to reduce the moose population on Cape Breton Highlands National Park through a cull for Mi'kmaq hunters resumed Wednesday.

Moose Cull On Cape Breton Highlands National Park Resumed Wednesday

Throne Speech To Focus On Immediate Priorities For New Trudeau Government

Throne Speech To Focus On Immediate Priorities For New Trudeau Government
OTTAWA — The Trudeau government's first throne speech is likely to be one of the shortest in Canadian history.

Throne Speech To Focus On Immediate Priorities For New Trudeau Government