Economic Highlights for the Week of June 22, 2020

Information & Updates

Economic Highlights for the Week of June 22, 2020

A weekly update of Economic Highlights.

Information & Updates

Economic Highlights for the Week of June 22, 2020

Economic Dashboard Indicators Updated This Week

NATURAL GAS PRICE

Apr 2020

$1.56($CDN/GJ)

71.4% y/y

Analysis

The price of natural gas in April 2020 was CDN$1.56 per gigajoule, up 71.4% from April 2019.
 
Alberta

AIR PASSENGERS

May 2020

108,492

-94.9% y/y

Analysis

Due to Covid-19 travel restrictions, the number of air passengers passing through Alberta's two largest airports decreased to historic lows. Overall traffic decreased by 94.9% in May 2020 compared to the same period a year earlier. Nearly three-quarters of all air passengers (72.3%) moved through Calgary International Airport as domestic passengers. Edmonton international passengers had the largest year-over-year drop (-100%) compared with May 2019 due to federal restrictions, while Edmonton transborder passengers dropped 99.4%. Calgary domestic passengers dropped 92.5% year-over-year to 78,416, while Edmonton domestic passengers dropped 95.0% to 27,205. Transborder flights are defined as direct flights between the US and Canada.
 
Alberta
By Flight Type

AVG WEEKLY EARNINGS

Apr 2020

$1,229

7.0% y/y

Analysis

In April 2020, average weekly earnings in Alberta were $1,229, a 7.0% increase from April 2019. Nationally, average weekly earnings were $1,110 in April 2020, up 9.0% from the same period in 2019.
 
Alberta
By Province

GRAIN DELIVERIES

May 2020

1.1M(tonnes)

-19.5% y/y

Analysis

Grain deliveries in Alberta decreased by 19.5% between May 2019 and May 2020, to 1.14 million tonnes. Canadian grain deliveries increased by 20.5% over the same period. In Alberta, non-durum wheat, which made up 50.6% of grain deliveries, decreased by 21.5%, while canola, which made up 35.6% of grain deliveries, decreased by 14.2%.
 
Alberta
By Province
By Crop

Top Updates on Major Projects This Week

Edson Mainline Expansion Project - http://majorprojects.alberta.ca/details/Edson-Mainline-Expansion-Project/4148
NOVA Gas has proposed to construct and operate approximately 85 km of 48 inch normal size pipeline in two sections, and associated facilities including valve sites and pipeline tie-ins to its current system.The project will increase pipeline [Read More]

Whitla Wind Power Project - Phase 3 - http://majorprojects.alberta.ca/details/Whitla-Wind-Power-Project-Phase-3/4147
Phase 3 of the Whitla Wind Power Project will be built concurrently with Phase 2. It is anticipated phase 3 will create up to 54 megawatts of capacity with the addition of 15 new wind turbines. Upon completion, this will be the largest wind power [Read More]

88 Street SE Extension - Calgary - http://majorprojects.alberta.ca/details/88-Street-SE-Extension-Calgary/4118
Extension of 88 Street SE in Calgary, from the Stoney Trail interchange south to 196 Avenue SE.

Contact

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