CIBC predicts mild recession for Alberta this year

Alberta appears headed for a mild and temporary recession this year, says a new report from CIBC World Markets.

The report, released Monday, forecasts the province’s annual economic growth will change from Canada’s best in 2014 (4.1 per cent) to the second worst in the nation this year, at negative 0.3 per cent. Newfoundland’s forecast is the worst, with real GDP expected to drop to a negative 1.3 per cent this year.

Read this story HERE.

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