Recession unavoidable for Alberta this year, Conference Board of Canada says
Calgary: A recession is unavoidable in Alberta this year, according to a report by the Conference Board of Canada. The province’s economy is expected to shrink by 0.7 per cent in 2015, even though oil prices seem to have stabi- lized at around US$60 a barrel, the Ottawa-based economic think tank said. Next year, it’s calling for modest growth of 1.1 per cent. “Alberta’s economic performance will be underwhelming this year and next, especially compared with recent years,’’ said Marie-Christine Bernard, with the Conference Board.