The best predictor of future behaviour is past behaviour.
So let us see what 2013 will tell us about 2014
Edmonton has the best Farmers Market in the world
and Alberta has the best Dinosaur Museum in the world
according to National Geographic Digital Nomad Andrew Evans
Edmonton Downtown City Farmers’ Market
has been named the best Farmers’ market in the world
Royal Tyrrell Museum has been named the best Dinosaur Museum in the world
“Never in all my travels have I encountered a better dinosaur museum
than the Royal Tyrrell.” said Andrew Evans
As of Dec 2013
The world’s central banks are stashing away Canadian dollars at a faster rate
than any other major currency, a vote of confidence at a time when the loonie has lost some of its
shine in foreign-exchange markets. according to new International Monetary Fund data
In October of 2013,
Canada's trade balance turned into a surplus of 75 million,
the first surplus since December of 2011
Canadian GDP quickened in the third quarter of 2013
to its fastest pace in nearly two years.
Bankruptcies in Canada decreased
Consumer Confidence in Canada at 81.2
With Alberta in the lead at 95.0 %
Aggregate Personal Savings in Canada increased to 58,716 Million
Disposable Personal Income in Canada increased
Over the next two years, stronger growth globally, and most importantly in the US,
should help Canada’s economy accelerate to 2.3% in 2014 and 2.4% in 2015.
Canadian consumers have adjusted their behaviour, the pace of borrowing has moderated,
and the household debt-to-income ratio has stabilised over the past year
The CFIB’s business barometer an index above 65
is in line with an economy growing at its potential.
Alberta rose (+4.9 to 70.6).
Outperforming regions such as Alberta and Saskatchewan
are less reliant on the economic fortunes of major trading partners.
and are expected to continue to outperform in 2014
Investment activity should also pick up, as business confidence grows on the back of
rising production. As such, a broad trend of improved real GDP growth rates across
provinces is anticipated over the 2014-15 period.
The resource-heavy provinces of Alberta and Saskatchewan
are still expected to record a continued healthy pace of expansion,
with employment expected to gain further ground,
Part of the stronger growth picture for Alberta includes major spending commitments
for flood recovery from government – both federal and provincial – with the Alberta
government already highlighting that the costs associated with rebuilding
are estimated to be in the $5 billion range and will be felt over the next few years.
Housing market buoyancy was matched by increased spending
and a greater-than-expected resilience of provincial housing markets
and consumer spending performances.
Improved housing prices have been observed across most provinces; but, the surge in
resale activity was most pronounced in the provinces of B.C., Alberta, Saskatchewan,
Manitoba and Ontario
Looking forward, Alberta is expected to show sustained strength
in its retail sector, as households replace goods damaged in the flood
and contribute towards reconstruction efforts.
Among the provinces, Alberta has posted the strongest showing in the value of export
sales over the first seven months of 2013 (in dollar terms),
with a year-over- year gain of around 5%.
Alberta’s track record of outperformance is expected to continue over the forecast period.
real GDP is anticipated to rebound sharply into 2014.
Partially cushioning the flood-related fiscal blow – and a good news story in Alberta’s
economy this year – has been the higher-than-expected pricing in crude oil markets.
Sustained strength in its economy and labour markets will continue to act as a magnet
drawing other Canadians to its province.
As such, Alberta’s housing market is anticipated to be a top performer.
Canada’s job record over the past decade has been robust,
especially relative to other G-7 countries,
as monumental longer-term shifts continue to take place,
including greater labour force participation of older workers
and a gravitation towards more non-standard job structures .
The recent negative perception of Canada’s commitment to a Green Economy
masks positive developments that have been taking place.
Many businesses recognise that environmentally sustainable practices
are not just good for their reputation, they can also be good for their bottom line.
Environmental considerations have become heavily entrenched
into the behaviour of Canadian firms.
Home renovation spending has surged at an annual average rate of 7%
over the last decade. The positive wealth affect from appreciating home prices
has provided a further upward thrust. The $45 billion in total renovation activity
expected in 2014-2015 will be more than double its level of a decade ago.
Calgary and Edmonton are two markets owing to stronger conditions in housing
and their more rapidly growing economies are likely to remain a bright spot
amid a slowing housing sector and declining new home construction.
The free Trade Agreement Canada signed with Europe is slated to create 70,000 jobs
Ontario with its Green Energy Act to support green energy producers
is slated to create 35,000 - 70,000 jobs
Of all sad words of tongue or pen, the saddest are these,
'It might have been.”
John Greenleaf Whittier
Until next time
We welcome your feedback, comments, and suggestions.
Tell us what you want us to blog about
This blog is only an opinion for informational purposes
and is not intended to be a substitute for professional advice.
All Rights Reserved © Copyright 2013 - Nef’Ty Communications