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Calgary and Region Economic Outlook Fall 2016

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Calgary and Region Economic Outlook Spring 2017

Calgary & Region Economic Outlook Spring 2017
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Calgary’s economy peaked in 2014 with the spike in oil prices. Growth is expected to begin in this year but it will take several years before 2014 levels of economic activity return.



Calgary`s Economic Performance
 

Calgary's Economic Performance 2001-2015
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Alberta experienced rapid swings in its economic prospects in the past 15 years, from record growth to the current economic downturn.



A Case of Fiscal Imbalance
 

A Case of Fiscal Imbalance: The Calgary Experience
(An Update)

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Calgary’s contribution to the balance sheets of the federal and provincial governments leaves the local government with less than adequate revenue to fund its spending responsibilities. This has increased the local government’s reliance on intergovernmental transfers, which by nature is fraught with uncertainty.


Oil price chart

Oil Price Chart
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Energy sector has been a key economic driver for Calgary. The price changes and fluctuations in crude oil market have significant impact on Calgary’s economic performance. West Texas Intermediate (WTI) is a grade of oil used as a benchmark in oil pricing, while Western Canada Select (WCS) is the price obtained for many Alberta producers.

 

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 Calgary Quick Facts

 

Population
(projection June 2017, x1000 of persons)

1,255

Inflation Rate
(All items, 12 MMA, %, May 2017)

1.09

Unemployment Rate (%, June 2017)

8.6

Housing Starts
(city, units, May 2017)

794

Total Building Permit Values
($million, June 2017)

329

Latest Reports


Reports Overview

Calgary & Region Economic Outlook

Spring 2017See all

Current Economic Indicators

May 2017See all

Housing Review

Q1 2017 • See all

Inflation Review 

May 2017See all

Labour Market Review

June 2017See all

Other Research Reports

Residential Property Taxes and Utility Charges Survey 2015See all

Population Outlook

2013-2018See all