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2012-04-27 at 11:04

Alberta, Saskatchewan lead Canada's growth in 2011

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By The Canadian Press

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

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