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Posted: 3 days ago | 0 CommentsDaily Economic Comment - Manufacturing Flattens Out

Factory floors and refineries in Alberta have been a blur of activity lately. However, the rate of increase seems to have levelled off somewhat in the first quarter of 2012.


Manufacturers in Alberta shipped a total of $6.4 billion worth of goods in March. That is only a slight improvement over February (+0.5 per cent). Total Canadian manufacturing sales jumped by a more impressive 1.9 per cent in March to $49.7 billion. This is the largest advance since September 2011. The gain was led by the petroleum and coal products industry, which was led by output in Ontario’s refineries.

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Posted: 5 days ago | 0 CommentsDaily Economic Comment - Regional Differences in Unemployment

With Alberta’s economy back in the groove, it’s a job bonanza for a lot of people—employment is at a record high. Still, the potential job opportunities are not uniform across the province for job seekers.


Surprisingly, the highest rate of unemployment in Alberta is in Edmonton where about 5.4 per cent of the labour force is currently looking for work. That’s still well below the 7.6 per cent national rate of unemployment. (Because of the small number of samples in the regional survey, these figures are based on a 3-month moving average and are not adjusted for seasonality).

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Posted: 2 weeks ago | 0 CommentsDaily Eonomic Comment - Construction intentions rise in March

Build it and they will come? Well first, you need permission to build—and the permission slips for Alberta home and non-residential developers are on the rise.

The value of Alberta’s building permits issued in March rose to $1.21 billion, an increase of 5.6 per cent over February, and a strong 37.5 per cent over March of last year. The gains were split fairly evenly between residential (up 6.8 per cent) and on-residential (up 3.9 per cent) building permits.

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Posted: 3 weeks ago | 0 CommentsDaily Economic Comment - Canada's GDP Takes a Dip

Sometimes with the economy, it's two steps forward and one step back - and in February - the Canadian economy saw itself shuffling in reverse.

The value of all goods and services produced in the country, the gross domestic product or the GDP, contracted by 0.2 per cent in February.  That was a surprise for market watchers as the consensus forecast of Canadian economists had expected an expansion of 0.2 per cent. 

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Posted: 3 weeks ago | 0 CommentsDaily Economic Outlook - Fatter Paycheques For Albertans

Our booming economy is giving Albertans more reason to smile these days - with employees walking home at the end of the week with fatter paycheques than a year ago.

In February, the average weekly earnings for employees in our province was $1,057.57, an increase of 2.6 per cent from a year ago.  And there's more.  Workers in Alberta have the fattest paycheques among all provinces with the Canadian average being $886.45.  The only Canadians who earn more are in the Northwest Territories where average weekly earnings are a whopping $1,294.

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