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Economic Highlights for the Week of November 26, 2018

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Economic Highlights for the Week of November 26, 2018

A weekly update of Economic Highlights.

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Economic Dashboard Indicators Updated This Week

JOB VACANCIES

Aug 2018

40,100

2.6% y/y

Analysis

In August 2018, the number of job vacancies in Alberta increased by 2.6% from the same month in 2017 to 40,100 vacancies. Over the same time frame, Canadian vacancies increased by 29.9% to 359,800.
 
Alberta
By Province

AVG WEEKLY EARNINGS

Sep 2018

$1,142

-0.6% y/y

Analysis

In September 2018, average weekly earnings in Alberta were $1,142, down 0.6% from the same period in 2017. Nationally, average weekly earnings were $998 in September, up 1.7% from the same period last year. Alberta's September average wage of $1,142 was well ahead of the next highest province, Newfoundland and Labrador, at $1,040.
 
Alberta
By Province

FARM CASH RECEIPTS

Q3 2018

$3.0B

-8.7% y/y

Analysis

Farm cash receipts decreased by 8.7% to $3.03 billion in the third quarter of 2018 as compared to the same quarter last year. The national average for Q3 was a decrease of 0.5%. Alberta saw the largest decrease of any province, while New Brunswick had the largest increase (+17.5%). Alberta crop receipts and direct payments declined 25.5% and 12.2% respectively, while livestock receipts increased 7.1% to $1.72 billion
 
Alberta
By Province
By Type

Top Updates on Major Projects This Week

Aspen Oil Sands Project - https://majorprojects.alberta.ca/details/Aspen-Oil-Sands-Project/551
The Aspen Oil Sands project is a proposed in-situ steam assisted gravity drainage (SAGD) oil sands project. Aspen would produce up to 150,000 barrels of bitumen a day, putting it among the company's largest oil sources. The output would be achieved [Read More]

2021 NGTL System Expansion Project - https://majorprojects.alberta.ca/details/2021-NGTL-System-Expansion-Project/3765
The system expansion project will include the construction of a 197 kilometer pipeline, three compression units, meter stations, and associated infrastructure.

Alberta Carbon Trunk Line - https://majorprojects.alberta.ca/details/Alberta-Carbon-Trunk-Line/622
The Alberta Carbon Trunk Line is the world's largest carbon capture and storage project. It consists of a 240 km pipeline which will gather, compress and store up to 14.6 million tonnes of CO2 per year, and inject this CO2 into depleted oil [Read More]

Kearl Oilsands Mine Expansion - https://majorprojects.alberta.ca/details/Kearl-Oilsands-Mine-Expansion/3556
Imperial Oil intends to start work in 2018 on a $550 million debottleneck project at the Kearl Oilsands mine. The project will increase the production capacity by 20,000 bbls/d, to a total of 240,000 bbls/d. This project will add additional crushing [Read More]

Contact

For questions about the Weekly Economic Highlights, please contact economiclink@gov.ab.ca