TD Bank has upbeat outlook for Alberta economy
Sep 14, 2018 | 7:05 AM
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TORONTO- The T-D Bank’s latest outlook on Alberta says it has the potential to reassert itself as an economic engine of Canada.
Deputy chief economist Derek Burleton says oil production should return to pre-recession levels next year although it could be another two years before the job market fully recovers.
He says economic growth is poised to moderate following last year’s strong rebound at five per cent but will remain relatively solid.
He warns the province still faces some significant challenges, including pipeline constraints along with a lack of investment in Alberta.
