Alberta’s economy is forecasted to be a Canadian leader over the next two years with a growth rate of 4.2% in 2014. In the month of May, the province gained 18,600 jobs and employment was up 2.3% from the year before. Despite this increase, the unemployment rate was up 0.4% to 4.8% as the majority of these positions were part-time. The thousands of new jobs created this quarter lead to increased immigration to Alberta and has resulted in Alberta’s population growth rate to surpass 3.0% for the first time since 2006. The price of oil remained steady around $95.00/bbl. The Canadian dollar at the end of the quarter slipped below the $0.95 mark after remaining around parity for the majority of last year.
Source : Cushman & Wakefield