Alberta Leads Canada's Economic Growth

0:00Alberta's Shining Bright and Canada's Economic Forecast, according to Deloitte's latest quarterly report. The province is set to lead with growth of 1.7% in 2026 and 2.6% in 2027, fueled by high oil and gas prices from Middle East tensions and new energy pushes from the Prime Minister. Nationally, things look more modest at 1.2% growth in 2026, down from last year's 1.7%. Alberta dodges the worst of U.S. tariffs thanks to its energy exports, while oil sands expansions boost shipments this year. Headwinds hit consumer spending and housing starts as population growth slows and vacancies rise, but business investment ramps up with AI data. Centres and big engineering projects keeping things steady. Ongoing risks include trade uncertainties and potential Middle East conflicts, spiking inflation, yet federal moves like nearly 100 billion. Dollars in defense spending and streamlined project approvals offer upside for productivity and exports.

1:05Strong infrastructure and resource focus could finally close Canada's long productivity gap, setting up better growth ahead if policies hold firm. Canada News. Today, powered by AI bringing you what matters.