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  Alberta: Canada's fastest growing province  
 

Over the past decade, Alberta has had the highest rate of economic growth in Canada at 3.7%, in addition to having one of the strongest economies in all of Canada. In fact, Alberta is rated as the fourth most free economy in all North America: this means that businesses enjoy greater opportunity for and less restrictions on growth.

Feeding the world's appetite for energy

Alberta is the largest producer of natural gas, conventional crude and synthetic crude gas products in the country. The province's oil sands contain the world’s second-largest proven crude oil reserves (176 billion barrels) after Saudi Arabia. While Calgary is home to most oil company headquarters, Edmonton is considered the pipeline junction, manufacturing, chemical processing, research and refining centre of the province.

To further grow this province's potential as a major economic region, several high-tech industries have consequently been established in Alberta to develop innovative technologies. Albertan companies produce computer equipment and services, software, navigational and medical instruments, and wireless technologies.

Economy in Alberta

Real GDP growth

3.7%

CPI inflation

1.4% 

Unemployment rate

4.6%

Source: Alberta Provincial Profile (2004)

Riding the economic boom

Newcomers are flocking to the Calgary-Edmonton corridor, which is the fastest growing and the most urbanized region in the province, accommodating 72% of Alberta's population. Drawn by the safe living environment and high standards of living offered by these modern, family-friendly cities, new Albertans are also attracted by abundant resources and proximity to magnificent natural landscapes.

Centrally located, Jasper National Park was established in 1907 as the largest national park in the Canadian Rockies and offers 10,878 km2 of mountain wilderness to explore. In addition to majestic mountains, pristine lakes and fertile plains, Albertans also enjoy no provincial sales tax, a world-class education system and the lowest unemployment rate in Canada.

 

 
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Capital: Edmonton (pop. 937,395)
Population: 3,113,586 (9.3% Can. total)
Area: 661,848 km2 (comparable to Chile)
Geography: Fertile prairie over rolling hills in the southeast, boreal forests in the north, Rocky Mountains in the west.
Weather: Average high temp: summer 23.1C / winter -5.9C
Economy: Fossil fuels, agriculture, manufacturing, tourism