As 2012 ended, Alberta continued to be a strong economic force driving the Canadian economy forward. In November 2012, the Alberta economy created 10,100 jobs following a gain of 5,000 in October and the unemployment rate dropped to a four-year low of 4.2% versus 7.2% nationally. In early January 2012, oil was trading close to $99 USD per barrel and ended December at around $90 USD per barrel, while the Canadian Dollar sat slightly below parity with the U.S. Dollar at $0.99 at the end of 2012. The economic outlook remains bright as the Alberta and Federal Canadian governments continue to push to expand Canada’s energy exports to new markets.
Source : Cushman & Wakefield