Oil, gas-rich Alberta to lead the pack, CIBC predicts

Article Abstract:

According to the Canadian Imperial Bank of Commerce, growth in Alberta is expected to be 4.5% in 2001, while all of Canada is expected to grow 2.8%. Lower export demand from the US is expected to result in slower growth across Canada in 2001. The Conference Board of Canada expects a 2% slowing in economic growth. The slowdown in Ontario is expected to be the sharpest, down from 5.5% in 2000 to 2.7%. Ontario, Quebec, British Columbia, and Alberta, the four largest provinces in Canada, account for almost 90% of GDP in Canada. Alberta grew 6.5% in 2000, and earnings were up 150% to $18.6 bil.

Commercial Banks, Commercial Banking, Market information - general, Forecasts, trends, outlooks, Banking industry, Reports, Forecasts and trends, Statistics, Gross domestic product, International trade, Canadian Imperial Bank of Commerce, Alberta, Conference Board of Canada

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Dollar surges on hopes global economy improving

Article Abstract:

On hopes that the world economy is picking up, the Canadian dollar rises to 66 cents (U.S.).

Other General Government Support, Coinage & Currency, Prices and rates, International economic relations, Money

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Canada slides to 7th in global competitiveness

Article Abstract:

Canada slipped from fifth in global competitiveness in 1999 to seventh in 2000.

Intnl Affairs & Finance, National Security and International Affairs

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