Economics

Alberta Is About to Be Canada's Fastest Growing Economy Again

  • Output seen expanding 2.9% this year in oil-rich province
  • All regions are forecast to see positive growth in 2018

TD's DePratto Says 'Fire' Not There in Canadian Economy

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Alberta’s economy is more than just back on its feet, it’s about to run faster than any other region in Canada.

Gross domestic product in the western province will rise by 2.9 percent this year, according to a Bloomberg survey of economists, up from an April estimate of 2.5 percent. That matches forecasts for neighboring British Columbia, and in 2018 Alberta comes out on top with a 2.4 percent expansion that would be tops among Canada’s 10 provinces.