Alberta's levels of hubris tend to rise, and fall, with the price of oil, which kinda explains where we are at right now...
Alberta’s GDP projected to rise as oil supply crisis rages on, but impact on citizens more complex: ATB
Revised real GDP forecast for Alberta increased by 0.6% for 2026
Despite global turmoil, Alberta's economy is better positioned than others to endure the uncertainty because of rising oil prices, according to ATB's latest economic outlook.
The report, released by the financial institution on Thursday, found geopolitical crises such as the war in Iran and ships being unable to pass through the Strait of Hormuz have massively shaken up energy markets.
However, as Canada’s largest oil producer, Alberta is expected to weather the storm better than other provinces, ATB's chief economist Mark Parsons said in an interview with CBC News.
“The surge in oil prices — we think that's going to shield Alberta from the worst of it,” he said.
The report looks at real and nominal GDP. ATB now projects there will be 2.7 per cent growth in real GDP in Alberta in 2026, up from its December forecast of 2.1 per cent, while it now anticipates a six per cent increase in the province’s nominal GDP, up from the 0.7 per cent it projected in December.