Alberta businesses expect to boost 2017 spending at a faster rate

  • Alberta businesses expect to boost 2017 spending at a faster rateThe Edmonton Journal is reporting that small and medium-sized businesses in Alberta expect to boost 2017 spending at a faster rate than anywhere else in Canada, a new survey shows.

    Firms in the province with fewer than 500 employees say they’ll raise investment by 17.1 per cent this year, compared to the 1.6 per cent national average increase, according to a report released Monday by the Business Development Bank of Canada.

    That’s a huge change from 2016, when Alberta companies were the most pessimistic in Canada and planned to slash spending by 27 per cent.

    “Fifty per cent of them believe their revenue is going to increase this year, compared to 33 per cent last year. I think it’s a sign they see the economy is about to turn around,” said the bank’s chief economist, Pierre Cleroux. If you wish to read more of Edmonton Journal’s article please click HERE.

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    Article from Edmonton Journal by Gordon Kent.

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