Close X
Saturday, November 16, 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

RCMP Looks To Close Allies As It 'Turns Corner' On Countering Violent Extremism

RCMP Looks To Close Allies As It 'Turns Corner' On Countering Violent Extremism
The RCMP turned to its closest allies this week for advice on countering violent extremists and a leading expert says Canada is finally making strides on addressing homegrown radicalism.

RCMP Looks To Close Allies As It 'Turns Corner' On Countering Violent Extremism

Saskatchewan Turning Over 40 Government-Owned Liquor Stores To Private Hands

Saskatchewan Turning Over 40 Government-Owned Liquor Stores To Private Hands
Don McMorris, minister for the Saskatchewan Liquor and Gaming Authority, says it was time to modernize how booze is sold.

Saskatchewan Turning Over 40 Government-Owned Liquor Stores To Private Hands

Opposition Says Manitoba Government Breaking Promise Of Doctors For All

Opposition Says Manitoba Government Breaking Promise Of Doctors For All
The NDP government said in a 2010 throne speech that anyone who wanted a family doctor would have one by 2015. The promise was repeated often, and as recently as last winter in a government press release.

Opposition Says Manitoba Government Breaking Promise Of Doctors For All

Air Canada Flight Attendants Approve 10-year Contract

Air Canada Flight Attendants Approve 10-year Contract
The union said in a statement that the agreement was accepted by a narrow margin, but did not provide a voting margin.

Air Canada Flight Attendants Approve 10-year Contract

Powdery Fallout From Recent Storms Is Great News For B.C. Ski Resorts

Powdery Fallout From Recent Storms Is Great News For B.C. Ski Resorts
Mounds of new snow blanket most of B.C.'s ski resorts and several have announced early openings to take advantage of the fresh powder.

Powdery Fallout From Recent Storms Is Great News For B.C. Ski Resorts

Justin Trudeau Greeted As 'Hottie' At APEC Summit On Front Page Of Philippine Newspaper

Justin Trudeau Greeted As 'Hottie' At APEC Summit On Front Page Of Philippine Newspaper
Who's sexier: Prime Minister Justin Trudeau or Mexican President Enrique Pena Nieto? That was the burning question asked on the front page of a Manila newspaper 

Justin Trudeau Greeted As 'Hottie' At APEC Summit On Front Page Of Philippine Newspaper