Provincial Economies III

[SpongeG]

Albertans would just say Quebec just lives off their Alberta money. The outrage and anti-Quebec sentiment there is a subject you don't bring up lol

[ScreamingViking]

Originally Posted by SpongeG

Albertans would just say Quebec just lives off their Alberta money.

I thought we all do.

[GreaterMontréal]

Quebec's GDP rose by 2.7% on an annualized quarterly basis (Canada: +2.1%).
https://www.nbc.ca/content/dam/bnc/t...ews-gdp-qc.pdf

[kwoldtimer]

Good.

[casper]

Originally Posted by ScreamingViking

I thought we all do.

The key factor that is driving Alberta growth this year and next is the extra capacity provided by the Trans-mountain pipeline. A project funded all Canadians through the federal government.

Despite all the objections from the conservatives at both the federal and provincial level in Alberta, clearly the government of Canada did the right thing is buying out the project and building the project.

BC is talking one for the team by taking on the environmental risk of hosting the pipeline.

Provincial Economic Forecast
Oil production in Alberta has recently eclipsed the 4-million barrel per day (m/bpd) mark, moving close to the record-high output seen at the end of 2023. Our estimate of a ~200k/bpd increase in Alberta’s oil supply growth this year is a major contributor to Canada’s success as a global swing producer (Chart 1). Further, the excess capacity afforded by the Trans Mountain Pipeline Expansion (TMX) has supported WCS prices amid a broader oil price rout, keeping the differential to WTI narrower and stable at around -$14.50/bbl. This provides some upside to the provincial government’s cautious resource revenue projections contained in its 2024 budget.

https://economics.td.com/provincial-economic-forecast

[whatnext]

With the added benefit of plummeting gas prices.