Alberta economy to contract by 7.5% this year

CIBC is forecasting a recession for every province as the national economy will contract by 5.6 per cent

Alberta economy to contract by 7.5% this yearAlberta’s economy is set to shrink by 7.5 per cent this year - the second biggest contraction in the country behind Newfoundland & Labrador’s 7.8 per cent contraction, according to a new report by CIBC Economics. The bank’s latest Provincial Outlook however forecast economic growth of 4.2 per cent in 2021 and 6.1 per cent…

Calgary’s Resilient Business Award winners announced

“Despite facing unparalleled uncertainty and disruption, there are countless powerful stories of resilience within our business community."

Calgary’s Resilient Business Award winners announcedSix Calgary businesses have been recognized with Calgary’s Resilient Business Awards for their resiliency, grit and determination through COVID-19. The Awards were presented by the Calgary Chamber on Thursday night. “Despite facing unparalleled uncertainty and disruption, there are countless powerful stories of resilience within our business community,” said Murray Sigler, interim CEO, Calgary Chamber, in…

World Tourism Day set for September 27

Before the pandemic hit, Alberta's tourism industry generated $8.9 billion in revenue, supporting 22,000 businesses, and generating nearly 73,000 jobs in communities throughout the province

World Tourism Day set for September 27With World Tourism Day set for September 27, Travel Alberta is highlighting the economic value of the industry that has been hit hard during the COVID-19 pandemic. "As Alberta moves forward, we are focusing on our province's economic strengths and opportunities to get Albertans back to work. Alberta's tourism industry is an important part of…