AB has gained people from BC since Q3 2022. There is a combination of greater housing affordability in AB (first chart) and stronger employment growth. The unemployment rate differential has also narrowed (second chart). #alberta #economy Full article: buff.ly/3d0bVaF

The annual inflation rate in AB eased from 4.2% to 3.5%, but remained above the national average due to faster growing energy prices. Excluding energy and food prices, AB’s annual core inflation rate was 2.5%. #albert #economy Full article: buff.ly/4cZdndl

The surge in interest in Bitcoin as an investment option precedes a significant event in the cryptocurrency world known as the "halving" (expected April 18-21). This occurs ~every four years & halves the rewards given to Bitcoin miners. Full article: buff.ly/3U7z5DB

Recent migration inflows to AB from ON can be attributed to affordability. While the gap is closing, estimated mortgage to income ratios (and rents) remain much higher, on average, in Ontario than in Alberta. #alberta #economy Full article: buff.ly/49HUhWA

The world economy is now pegged to grow at 3.2% in 2024 and 2025, driven mostly by an improvement in the outlook for the U.S. economy. Global inflation is expected to moderate from 6.8% in 2023 to 5.9% in 2024 and 4.5% in 2025. #economy Full article: buff.ly/3xQGyQ5

Resilient retail sales despite elevated inflation and interest rates has been a key reason why the CAN economy has avoided recession, although it’s hard to imagine it does not eventually impede retail spending. #alberta #economy Full article: buff.ly/4df5L6F

The divergence between the CAN and US economies since interest rate increasing in early 2022 is stark. CAN economy slowed to a crawl, and has been declining in per capita terms. The US has only recently shown signs of weakness. #economy Full article: buff.ly/3xSdSWF

GDP estimates confirm that the CAN economy slowed in February. A “soft landing” (no recession) will still be a significant setback for the CAN economy impacting many households and businesses. #canada #economy Full article: buff.ly/3UGtq98

The commencement of the Trans Mountain expansion (TMX) pipeline is a major milestone for the country, boosting exports and prices at a time when Canada’s economic growth and productivity have struggled. #alberta #economy Full article: buff.ly/3UFtS7t

Economic growth is diverging between Canada (weak) and the U.S. (resilient) since interest rate hikes kicked in. The spread between U.S. and Canada 2-year bond yields have widened significantly since the start of the year. #canada #economy Full article: buff.ly/3Qunxtc

Fixed-rate loans and mortgages, households and corporates terming out their debt in 2020-2021, and a very gradual refinancing wall help the US debt service ratios go up only slowly. But we can hardly say the same for other countries. Take a look for yourself: 6/

~10% of Canadians owned crypto assets as of 2023, 48% of those invested using funds like ETFs. This highlights the growing acceptance of crypto and its potential to play a key role in the future financial ecosystem. #canada #economy #crypto Full article: buff.ly/3JTvK6e

Going out to eat is popular on Mother’s Day. Dining out on Mother’s Day is money well spent - a small token of appreciation for their hard work and sacrifice. #mothersday #economy Full article: buff.ly/4ahM1ge

Job growth in AB has been outpacing the national rate: - April 2023 - April 2024 YoY growth rate of 3.8%. Nationally, YoY growth of 1.9%. - AB = quarter of all jobs created despite <12% of Canada’s working age population. #alberta #economy Full article: buff.ly/3yjlAcR

Calgary and Edmonton house prices continue their hot streak. The benchmark price of homes sold in Alberta was almost 10% higher in April than the same month last year versus a national average which was 0.6% lower. #alberta #economy Full article: buff.ly/3K2r5z9

Economic growth has struggled to keep up with population growth across Canada. All provinces, including Alberta, have witnessed declines in their per capita output. #alberta #economy Full article: lnkd.in/gqYmaZzh

The BoC has another month of data to support the cooling inflation trend. Annual change in CPI came in at 2.7% in April, down from 2.9% in March. The market is currently pricing in a 55% chance of a 25bps rate cut in June. #canada #economy Full article: buff.ly/3wMcvJ6

Housing construction intentions in Alberta posted an impressive performance in Q1. Seasonally-adjusted value of building permits were up by 40% year-over-year in Alberta while rising only 2.4% nationally. #alberta #economy Full article: buff.ly/3yzgZDu

Although inflation numbers are falling, consumers and businesses are still feeling the cumulative impacts over the past 3 years. CPI is 14.2% higher in AB than three years ago (just under the national average of 14.5%). #alberta #economy Full article: buff.ly/4aywFUH