Oil Prices and Alberta Economy

Alberta economy: is predicting Alberta s economy will shrink by 0.3 per cent in 2015 , as activity in the oilpatch dries up. , according to Canadian Broadcasting Corporation. It has revised its growth forecast for all of Canada to 1.9 per cent for 2015, down from 2.4 per cent in its previous forecast given last November. The outlook for Alberta economy is darkening as economists revise their 2014 estimates of the province growth in the face of low oil prices. And the Conference Board of Canada says the drop in oil prices will strip more than $40 billion US from corporate coffers this year. (news.financializer.com). As reported in the news.