With industrial centres like Fort Saskatchewan and the Heartland at the helm, new numbers are showing evidence of a stronger economy.
Some of the nation's economic experts are forecasting that Alberta will lead the pack in economic growth over the next two years.
“Albertans have no control over world oil prices, but strategic investments from government and industry have helped cushion the blow and stimulate growth, explained Deron Bilous, minister of Economic Development and Trade.
Toronto Dominion Economic report is predicting a gross domestic product (GDP) growth this year of 3.7 per cent, far higher than the average rate of 2.6 per cent between 2005 and 2015. Bloomberg has reported that a survey of economists pegged GDP growth at 2.9 per cent so far this year and 2.4 per cent in 2018.
The reports cite Alberta's enormous investment in infrastructure and increased investor confidence, as contributing factors to the strengthened economy.
"Nearly 49,000 jobs were created here over the last year," said Bilous. "Alberta continues to have the highest employment rate in the country and the highest weekly earnings."
The nation's economy grew nearly one per cent between April and May with significant contributions from the energy sector, much of which is situated in Alberta. The energy sector grew nearly five per cent in same month, drilling 196 unique wells in May 2017, up 250 per cent from May 2016.
Consumer spending is up too; retail sales in Alberta reached $6.8 billion in May, up from the pre-recession peak of $6.7 billion in October 2014.

More Local News

RCMP looking for missing Fort Saskatchewan teen

The Fort Saskatchewan RCMP could use some help finding a missing teenager.

Sledge Hockey Day another success

It was the biggest year yet for the Robin Hood Association's third annual Sledge Hockey Day.

Primary Care Network says the best diet is a balanced one

How much food from each food group should be in meals?

Redwater council decides against increasing pool fees

Pool fees in Redwater will be staying the same for another year.

Fortis Alberta gives $25,000 to schools for environmental programs

Some local schools recently received funding.

École Campbelltown celebrate French heritage

As part of their month-long celebration “Mois de la francophonie albertaine” the students and staff of École Campbelltown held a special flag-raising ceremony for International Francophonie Day.

Freedom Conservatives choose Malcolm Stinson for Fort Saskatchewan-Vegreville

Malcolm Stinson was recently selected as the Freedom Conservative Party of Alberta candidate in Fort Saskatchewan-Vegreville.

Two pedestrians hit in crosswalks

Keep an eye out for pedestrians.

Fog advisory for the area

A fog advisory has been issued for the heartland.

Chamber hosting All Candidate Forum for provincial election

Residents will soon have the chance to hear from their candidates.

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

Search the Biz Guide