Alberta faces slower economic growth in 2025 due to lower oil prices and population growth.

Alberta's economic growth is expected to slow in 2025 due to a projected decrease in population growth and lower oil prices. The province's GDP growth is forecasted to be 3% this year and 2.7% next year, down from earlier projections. The government now expects oil prices to be around $70 per barrel, a drop from earlier forecasts. These changes are expected to affect consumer spending, though falling interest rates may help support the economy.

November 23, 2024
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