County GDP numbers out

Posted on November 9, 2012 by Joe

Stats Canada has released numbers that indicate that Strathcona County currently accounts for approximately nine per cent of the Gross Domestic Product (GDP) around Metro Edmonton.

According to Gerry Gabinet, manager of Strathcona County Economic Development and Tourism, numbers have been provided for Edmonton, as well as 23 adjacent communities that account for a total of approximately 23 per cent of the national GDP, estimated at approximately $4.85 billion.

Read more: http://tinyurl.com/awb74rz

Alberta will be Canada’s economic growth engine for next decade

Posted on October 31, 2012 by Joe

CALGARY—Alberta will be Canada’s economic growth engine for the next decade, according to a report released Wednesday by CIBC World Markets.

Read more: http://tinyurl.com/bwk928r

U.S. national debt tops 100 per cent of GDP

Posted on October 26, 2012 by Joe

While stock markets (briefly) cheered the rollout of Federal Reserve Board Chairman Ben Bernanke’s QE3 program a few weeks back, the flip side of the story is that ongoing U.S.efforts to stimulate the economy come at a hefty cost to the national balance sheet.

Read more: http://tinyurl.com/8f4oq6q

Stability expected for Alberta economy

Posted on October 17, 2012 by Joe

If the decline in Alberta’s growth rate this year is causing you grief, take heart. ATB Financial’s senior economist isn’t losing any sleep over it.

“Faster is not always better,” said Todd Hirsch, who was in Lacombe on Wednesday to speak at a Small Business Week event organized by the Lacombe and District Chamber of Commerce.

Read more: http://tinyurl.com/8u3bn64