Alberta capital investment to reach record this year

CALGARY — Total capital investment in Alberta is expected to reach $100.6 billion this year, an increase of 2.4 per cent over 2012 and another record high.

“While overall economic activity appears to be moderating in Alberta’s economy, new information on investment activity suggests the slowdown may be very slight,” said Todd Hirsch, senior economist with ATB Financial, about the data released Wednesday by Statistics Canada. “In fact, the provincial economy will still advance in 2013, but just at a slower pace.”

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