Alberta leading the way in Canada's economic growth.
January 2, 2011
Excellent news for Alberta. The Canadian Chamber of Commerce predicts the nation's economy will continue to chug along next year with economist Todd Hirsch says our resource-based economy gives us an edge.
Morrow agrees when oil prices are strong, companies like his reap the benefits as more businesses open their purse strings.
"When oil is doing good, most companies in the area –- southern Alberta, Calgary and area -- tend to spend more money. They are not as conservative with that."
Meanwhile, the Canadian Taxpayers Federation cautions Albertans against overconfidence when it comes to oil's impact on our economy.
The group says a high Canadian dollar and low natural gas prices will hurt Alberta's bottom line.
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