Surprisingly weak household consumption and business investment will cast doubts on the expansion’s sustainability
This is a post from the City of Calgary Twitter account...it says Calgary's gdp is growing faster than most other places? I thought our economy been shrinking? Where do you see the current gdp numbers?
Interesting article. It appears they are still banking on the price of oil to rise.The stats aren't cherry picked.
"Expected upticks in the price of oil underpin the optimistic forecast. "For the forecast period, gradual WCS price growth is expected to lift and sustain economic growth," the report says. The city's economists predict that Western Canada Select (WCS) prices will rise steadily from $38 US per barrel in 2019 to $52 US per barrel by 2024.