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

Ombudsman Ends Probe Of 10,500 Complaints Into Hydro One; Loses Oversight

Ombudsman Ends Probe Of 10,500 Complaints Into Hydro One; Loses Oversight
TORONTO — Ontario's ombudsman has wrapped up investigations into 10,500 complaints about billing errors at Hydro One, but the provincial watchdog can't look into any more problems at the utility because it's being privatized.

Ombudsman Ends Probe Of 10,500 Complaints Into Hydro One; Loses Oversight

B.C. Appeal Court Refuses To Chop Sentence For Randall Hopley Who Abducted 3-year-old Boy

B.C. Appeal Court Refuses To Chop Sentence For Randall Hopley Who Abducted 3-year-old Boy
A lower court judge determined Randall Hopley was a long-term offender and handed down a six-year-sentence after 26 months were deducted for time served awaiting trial.

B.C. Appeal Court Refuses To Chop Sentence For Randall Hopley Who Abducted 3-year-old Boy

Sentence Upheld For Dangerous Offender Dennis Bragg In Kamloops, B.C., Sex Assault

Sentence Upheld For Dangerous Offender Dennis Bragg In Kamloops, B.C., Sex Assault
The B.C. Court of Appeal unanimously dismissed a legal challenge on Friday by Dennis Bragg, who was designated a dangerous offender in March 2013.

Sentence Upheld For Dangerous Offender Dennis Bragg In Kamloops, B.C., Sex Assault

Canada's Micronutrient Initiative To Help Health Of UP Women

Canada's Micronutrient Initiative To Help Health Of UP Women
 Canada's Micronutrient Initiative (MI) will invest (Canadian) $5.5 million (around Rs.28 crore) over the next five years in Uttar Pradesh to improve the nutritional status

Canada's Micronutrient Initiative To Help Health Of UP Women

Whooping Cough Outbreak At Elementary School In London, Ont.: Health Unit

Whooping Cough Outbreak At Elementary School In London, Ont.: Health Unit
LONDON, Ont. — A whooping cough outbreak at a London, Ont., school has the Middlesex London Health Unit reminding parents to check their children's vaccinations.

Whooping Cough Outbreak At Elementary School In London, Ont.: Health Unit

Where Have The Canadian Tourists Gone? Weak Loonie Keeps Them From Visiting US

Where Have The Canadian Tourists Gone? Weak Loonie Keeps Them From Visiting US
Some 21.1 million Canadians are expected to come to the United States this year, making up almost 30 per cent of the U.S.'s international visitors.

Where Have The Canadian Tourists Gone? Weak Loonie Keeps Them From Visiting US