Skyscraper - The Vue

Signature Ad

Signature Ad

Sign - Preferred Fleet

Web Ad

Big Box

News
Click here to see more
Subscribe
Community Calendar
Click here for full listings.
Poll
The new school year begins tomorrow. Will you be happy to have your kids back in class?



Total Votes: 18
View Results Past Polls
User Submitted Photo Gallery
Submit Your Own Photos
2012-04-27 at 11:04

Alberta, Saskatchewan lead Canada's growth in 2011

By The Canadian Press
91.5 CKPRWin Lunch with Danny and Laura for up to 20 people! Enter here to win on Thunder Bays Best Music 91.5 CKPRClick Here!

OTTAWA - New GDP data from Statistics Canada shows Alberta led the country in growth in 2011, followed closely by Saskatchewan.

The Canadian economy as a whole expanded 2.6 per cent in 2011, slowing somewhat after a 3.4 per cent expansion in 2010.

But in Alberta, the economy picked up speed, buoyed by high energy prices that encouraged extraction and exploration in the oil and gas patch.

Alberta's economy surged 5.2 per cent last year, after a more tepid 3.3 per cent expansion a year earlier.

Saskatchewan grew 4.8 per cent, thanks to strong export demand for its natural resources.

Canada's biggest province, Ontario, saw sluggish 2.0 per cent growth in 2011, led by mining and exploration, as well as manufacturing.

The only part of the country to see an outright contraction was Northwest Territories, where economic output dropped 5.5 per cent, led by a big decline in diamond mining.

The Canadian Press
© The Canadian Press, 2014

Click here to report a typo or error

Tbnewswatch.com(0)

Banner/Vector Construction

Comments

We've improved our comment system.
Comments for this story are semi-moderated. Read our comment guideline.

Add a new comment.
You must log in to add comments.
Create a new account
Forgot password?
Log In