According to ATB chief economist Todd Hirsch, the Fort Saskatchewan area is poised to do well as the economy enters a period of growth.
 
Hirsch was in Fort Saskatchewan at the Chamber of Commerce luncheon on Apr. 4 to speak about global and regional economic trends.
 
"Fort Saskatchewan, the whole heartland, the broader Edmonton area, it's fared through the recession in better shape than, for example, Calgary or Fort McMurray which are much more focused on energy extraction," Hirsch said. "Fort Saskatchewan, you're kind of in the hub here of upgrading, refinery, chemical production, more diversity in the economy. And a result I think you'll come through, now that the recession is behind us, I think you'll come through this period of growth in reasonably good shape."
 
Hirsch believes it's time for Alberta to drop the recession mentality and to instead focus on growth.
 
He pointed to important features that give Alberta's labour market an edge.
 
"We're a younger population than many others," he said. "We are a highly trained and highly educated workforce. Most of all, we are a very entrepreneurial minded labor market."
 
Hirsch's presentation touched on five key economic themes including pipelines, international trade, energy prices, automation and household debt.
 

More Local News

Convoy much smaller than expected

An area rally has hit the road.

$2-billion upgrading facility planned for the heartland

More jobs could soon be on the way.

Alberta’s Industrial Heartland Association aiming for $30 billion by 2030

The local economy is looking up, according to Alberta’s Industrial Heartland Association (AIHA).

Jessica Littlewood staying put as NDP nominee

Current Fort Saskatchewan-Vegreville MLA Jessica Littlewood is sticking around.

Girl Guides work to improve relevance in their program

There were a few recent changes to the Girl Guides of Canada program.

Camping reservations already up 31 per cent for summer 2019

Elk Island National Park (EINP) is experiencing an uptick in summer camping reservations this year.

Harbour Pool renovations on schedule

Residents will soon be able to swim in the local pool again.

Nearly 3,000 youth looking for mentors during mentorship month

Thousands of children across Alberta are waiting to get mentors.

Local MLA not seeking re-election

Strathcona-Sherwood Park MLA Estefania Cortes-Vargas will not be seeking re-election this year.

Inter Pipeline still on time and budget after big move

Inter Pipeline’s $3.5-billion petrochemical complex continues to move along smoothly.

DiscoverWestman.com is Westman's only source for community news and information such as weather and classifieds.

Search the Biz Guide

Login