The rise in oil production and rebuilding efforts in our region are expected to help Alberta have the strongest economic growth in the country in 2017.
That’s according to the Conference Board of Canada’s latest provincial outlook, which was released Thursday morning.
The report says the provincial real GDP is forecasted to grow by 2.8 per cent this year, with 0.4 of that coming from the rebuild here in Fort McMurray.
OPEC’s agreement to cut oil production is also contributing to Alberta’s growth, as total exports are expected to rise this year due to robust oil production gains and new oilsands projects.
The board says every province should see an increase in economic growth in 2017, except for Newfoundland and Labrador.