 Alberta officially says bye-bye to the recession — but the economy will be slow to recove The latest economic outlook for Alberta says the recession is officially over, with modest growth expected in the coming year — but it will be a few years before that translates into jobs.Commentsview comments in forum Page 1 You need to be a member of CKA and be logged into the site, to comment on news. |
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It's too soon to rule out a classic "Dead Cat Bounce".
Now if Alberta (or anywhere else in Canada) had some extra refinery capability to pick up the slack for all the Texas and Louisiana refineries that are offline I'd say different.
But for now I'd be more cautious than optimistic and would attribute this increase to the more usual sources of pent-up demand and people taking advantage of recession-depressed prices to snap up some deals.
Bankers never lie to the public!