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Calgary & Alberta Economy

CalgaryTiger said:
After labour day, there could really be a drum beat of announcements. I assume the budget is going to be a tough pill to swallow so there has to be a large show and tell before then so the budget pill goes down a bit easier.
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I don't expect the fall budget to be the 'big' budget, like the generation defining budget, like the martin chretien 1995 budget.

The big budget will likely be in the spring, and many will be disappointed in the fall.

It is just too early to be anywhere close to accurate for the fall. The time to plan is too short.

There will be down payments on things that are ready in time, and signals of the problems the spring budget will set us on the path to solve.
 
darwink said:
I don't expect the fall budget to be the 'big' budget, like the generation defining budget, like the martin chretien 1995 budget.

The big budget will likely be in the spring, and many will be disappointed in the fall.

It is just too early to be anywhere close to accurate for the fall. The time to plan is too short.

There will be down payments on things that are ready in time, and signals of the problems the spring budget will set us on the path to solve.
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It is a short timeline but some rubber needs to start hitting the road to keep people on side. There hasn't been anything tangible put in the window, the legislation passed in the spring was some ground work but people will want to start seeing something, people's expectations are not realistic and the Prime Minister sold himself as a doer.
 
CalgaryTiger said:
It is a short timeline but some rubber needs to start hitting the road to keep people on side. There hasn't been anything tangible put in the window, the legislation passed in the spring was some ground work but people will want to start seeing something, people's expectations are not realistic and the Prime Minister sold himself as a doer.
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Legislation to do stuff and budget are not the same thing, though they have been packaged together as a comms exercise in the recent past.
 
The positive provincial note behind this is it is hard for Danielle to point at the Ottawa Boogeyman if it is in Calgary and ran by the former executive at BC Hydro and former CEO of TransAlta, Dawn Farrell also got Trans Mountain done. As an aside, if it wasn't for Trans Mountain I can't imagine how bad the Provincial deficit would be... This office won't employ many people but the symbolism is not lost on me.

With the economy contracting last quarter because of trade, this should've been done yesterday but there is no better time than today.
 
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kora said:
Alberta with the highest unemployment rate of any province at 8.4%, outside of NL.

Unemployment rate by province and territory, August 2025

none
www150.statcan.gc.ca www150.statcan.gc.ca
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We've been slipping for awhile too, doesn't really affect the Provincial government's perception to Albertan's because they're very affective at passing blame on to the feds. Saying that, I'm not really one that think the governments affects the economy that much. There are much more macro affects that drive employment here and everywhere really. It also needs to be said that O&G is not the huge employment and salary driver that it once was, and the amount of people moving here affects those numbers as well.
 
The unemployment situation is a bit complicated: Alberta still has the highest workforce participation rate in the country, so even with our higher unemployment rate, we still have a higher share of people working than any other province. We are also by far the fastest growing province, which means lots of people relocating here and then looking for work. We have our problems and are far from perfect, but I still see Alberta as a place with an exciting future.

That said, I really feel for young people here, and across the country. They are getting it from both ends, with exorbitant housing and living costs and few job opportunities. I'm Gen X, and graduated into a shit job market with few opportunities, but i think the current crop of young people have it worse. Generally we want to see each generation have it a bit easier than the last, but its been a long time since a generation of young adults have been given such a raw deal.
 
Albertasaurus said:
I'm Gen X, and graduated into a shit job market with few opportunities, but i think the current crop of young people have it worse.
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Graduated into the world financial crisis and natural gas collapse—this is very much worse but will also turn faster as the excesses on the international student boom pass.
 
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