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GDP to shrink in both Calgary and Edmonton in 2015 due to oil market changes (not Gov't change)
Alberta’s two biggest cities — Calgary and Edmonton — will both fall into a recession this year, according to a new report released Thursday by the Conference Board of Canada.
Calgary’s economy is expected to shrink by 1.2 per cent this year, while Edmonton’s real GDP is forecast to fall by 0.8 per cent, said the Metropolitan Outlook: Spring 2015 report.
Read the full article here.
Alberta’s two biggest cities — Calgary and Edmonton — will both fall into a recession this year, according to a new report released Thursday by the Conference Board of Canada.
Calgary’s economy is expected to shrink by 1.2 per cent this year, while Edmonton’s real GDP is forecast to fall by 0.8 per cent, said the Metropolitan Outlook: Spring 2015 report.
Read the full article here.