BMO is projecting that Alberta will lead Canada in economic growth this year, with 6.5% growth in GDP
The sustained strength in commodity markets is brightening the domestic outlook in a variety of regions. The full recovery in most commodity prices is not only a big boost to bottom lines, but it is translating into real activity and a better capital spending backdrop. After a brutal first half last year, the resource sector has seen output surge at a 24% annualized clip in the past six months. And with oil now north of $60, we expect Alberta to lead the nation with 6.5% GDP growth this year, and that may well be a cautious call.
https://economics.bmo.com/en/publica...-b0280d43dd96/