Found 92 blog entries tagged as edmonton.

Brace For Even Higher Rates When The Bank of Canada Does Start Raising

Interest rates expected to climb above the previous peak for the first time in decades amid robust recovery

TORONTO — With fiscal spending booming and households flush with cash, investors are betting that the Bank of Canada’s next tightening cycle, expected to begin in 2022, will result in interest rates climbing above the previous peak for the first time in decades.

In four major tightening cycles since the early 1990s, the Bank of Canada’s key interest rate has peaked at a level that was lower than the preceding endpoint.

But that could change in the next cycle, as historic levels of government spending globally raise prospects of an economic recovery from the COVID-19…

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Alberta Lose Residents to Other Parts of Canada

Rob Roach, ATB Economics | June 17, 2021


For the fourth quarter in a row, more people left Alberta for other parts of Canada than arrived from elsewhere in the country.

According to the latest population data from Statistics Canada, Alberta lost 3,384 people to other provinces and territories over the first three months of 2021. The net loss since the second quarter of 2020 comes to 7,633.

People move around the country for a wide range of reasons, but Alberta tends to be a net recipient when our economy is thriving and vice versa. Alberta’s economy was the hardest hit among the provinces last year and the unemployment rate was…

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What You Need to Obtain a Mortgage

A home purchase is one of the largest assets and the biggest debt that a person will have. If this is your first time obtaining mortgage, then there are a few things that you need to know about what is required to qualify.

Credit History: How is your current credit and how has it been in the past? Your financial institution will look at your rating, and that everything is in good standing. If you are able to manage your debt, then it reflects on your ability to manage house payments.

Debt Load: What are your liabilities? How much debt do you have? Your financial institution will look at the amount that you owe compared to the amount that you earn. Your debts should not exceed 40 to 42 % of your gross…

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Best March On Record For Alberta Oil Production

ATB Economics | May 12, 2021


After pulling back in January and February, the volume of daily oil production in Alberta increased by 1.5 per cent in March, averaging 3.62 million barrels per day.

This is the best March on record with year-over-year production up by 1.2 per cent compared to March 2020 and by 4.4 per cent compared to March 2019.

Average daily oil production got as low as 2.89 million barrels in May 2020.

Even with the pandemic still in play in Alberta and around the world, strong oil prices (WTI futures have been above $US60 per barrel since mid-April) and the economic recovery in the U.S. should continue to push up…

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