According to Deloitte\u0027s latest economic outlook, Alberta will avoid a recession over the next year.
For the retail sector, it could mean a less-lavish Christmas shopping season than hoped.
But data suggests that higher interest rates are starting to have an effect on cooling inflation, though St-Arnaud said the hikes likely are not done — he agrees with the prognostication of a 50-basis-point bump next month and says there could be an additional 25-point increase before the end of this year.
Alberta remains one of the most affordable provinces in the country, which is credited with continued net positive interprovincial migration. In the second quarter of 2022, the total was 9,857 for a fourth-consecutive quarter of positive results. In that time, 23,132 Canadians relocated to Alberta; 15,208 in 2022.Article content
“It’s so important to have people coming in,” she said. “All of these industries, whether they’re the traditional ones or the more growing and emerging ones, are going to need the skilled workers. These positive migration numbers are a great indication that our goal to get these skilled positions filled is going to come to fruition.”
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