Close X
Friday, November 29, 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

Stabbing At Emily Carr University After Dispute Between Students, Classes Cancelled

Stabbing At Emily Carr University After Dispute Between Students, Classes Cancelled
Vancouver police say a dispute between two students escalated into a stabbing that has prompted Emily Carr University of Art and Design to cancel classes today.

Stabbing At Emily Carr University After Dispute Between Students, Classes Cancelled

Surrey Board Of Trade Gives Surrey Food Bank $1500 And 400 Pounds Of Food

Surrey Board Of Trade Gives Surrey Food Bank $1500 And 400 Pounds Of Food
Over 400 business people attended this annual Christmas event, and donated either cash or food.

Surrey Board Of Trade Gives Surrey Food Bank $1500 And 400 Pounds Of Food

Toronto Police Arrest Man Following Argument With Officers

The video, shot last Friday outside a liquor store in the northwest end of the city, shows a white officer restraining a black man by kneeling on his back.

Toronto Police Arrest Man Following Argument With Officers

Breathalyzer History Records Ruled Off-Limits In Drunk-driving Cases

Breathalyzer History Records Ruled Off-Limits In Drunk-driving Cases
The ruling limits disclosure of records accused frequently ask for in drunk-driving prosecutions.

Breathalyzer History Records Ruled Off-Limits In Drunk-driving Cases

Liberals Try To Put A Lid On Controversy Surrounding Two Trudeau Nannies

Liberals Try To Put A Lid On Controversy Surrounding Two Trudeau Nannies
OTTAWA — The Liberals are attempting to put a lid on concerns raised about two taxpayer-funded nannies who provide care for Justin Trudeau's three young children.

Liberals Try To Put A Lid On Controversy Surrounding Two Trudeau Nannies

Abbotsford Store Owner And Wife Get Pepper Sprayed Before Robber's Short-lived Getaway

A 36-year-old man who allegedly used pepper spray during a store robbery in Abbotsford, B.C., didn't get far before being nabbed.

Abbotsford Store Owner And Wife Get Pepper Sprayed Before Robber's Short-lived Getaway