$100 Oil in Future?

December 30, 2016 Terry Allison

Alberta should lead in GDP growth for next 2 years says TD forecasts.

“The TD report, order released Tuesday, treatment reaffirms the TD Economics’ September forecast that Alberta would see the largest real GDP growth of all provinces in 2017 and 2018.

The latest data indicates “real activity in the Alberta and Saskatchewan economies has stabilized amid an uptick in crude oil prices,” according to the December report.

Alberta’s growth forecast is pegged around two per cent for each of the next two years — relatively modest by historical standards, but still ahead of the rest of the country.”

“At nine per cent, Calgary’s unemployment rate in September led all major cities in Canada, but TD Economics says the economy should grow in 2017 and 2018.” (Evelyne Asselin/CBC)


Read the full CBC news story…

Alberta Growth Forecast

$100 oil in the forecast, illness according to commodity investment boss.

The founder of a Calgary commodities and trading firm says 2017 should be a good year for recovering oil prices. 

We could even see $100 oil again within the next five years, site according to Tim Pickering with Auspice Capital Advisors.

Read More of this CBC story…Alberta Oil Rigs