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A Case of Vertical Fiscal Imbalance

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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.



Calgary and Region Economic Outlook Fall 2015

Calgary & Region Economic Outlook Fall 2015
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Economic growth will stagnate in 2015 as the Calgary Economic Region (CER) adjusts to sharply lower oil prices. All sectors of Calgary’s economy will be adversely affected by reduced capital expenditures by oil companies and the provincial government, given the importance of oil to Alberta and Calgary.



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.


Residential Property Taxes Survey
 

2014 Residential Property Taxes and Utility Charges Survey
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Common among Canadian municipalities of different physical sizes, climates, customers, and service offerings is the fact that they operate on balanced budgets. This survey attempts to show, from citizens' perspective, the financial burden of owning property.

 

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 Calgary Quick Facts

 

Population
(April 2015)

1,230,915

Inflation Rate
12MMA
(Mar. 2016)

1.4%

Unemployment Rate (Apr. 2016)

8.6%

Housing Starts
(Mar. 2016)

 411 units

Building Permit Value
(Apr. 2016)

$569.9 M

Latest Reports


Reports Overview

Calgary & Region Economic Outlook

Fall 2015See all

Current Economic Indicators

Apr 2016See all

Housing Review

Q2 2016 • See all

Inflation Review 

Mar 2016See all

Labour Market Review

Jul 2016See all

Other Research Reports

Labour Market Special Report #2: Economic Growth and DiversificationSee all

Population Outlook

2013-2018See all