Economic growth in Alberta

Alberta’s economy is simply at its boom. This province of Canada is growing with the fastest rate as compared to the other regions. There are many reasons behind it. They are providing business opportunities, investment prospects as well as employment to the people of many countries. In addition to that, this province has strengthen itself in various fields like agriculture, energy as well as in industrial field. Here, we are going to share some amazing facts of its progress.

Employment rate:

Alberta’s economy is growing with the fastest rate possible. Moreover, there are great chances of employment in this province. The overall provincial employment has increased to 40, 000 as compared to the previous year. On the other hand, the unemployment rate is reducing day by day. This is good and challenging for companies like mudjacking Edmonton that are looking to hire more employees because of the increased workload. More and more people are now able to take part in the country’s economy. After two years of decline, the businesses in this region are progressing.

Alberta leads all provinces:

Alberta beats all other provinces with its rapid growth. The province has beaten all records of the past 20 years. The annual GDP growth of the province is 3. 2 % per year. This percentage is applied in 1995 to 2005.

Consistent growth:

The core focus of the province is on consistent growth of the province and country. Interest rates are raised for the first time in past seven years. This is a big victory for the officials. They are providing international markets to explore the companies of Alberta. They are facilitating events and programs to help in growing the market. Now, small sized and medium sized companies are promoted to take part in the development of the province.

Oil price stability:

Now, the price of oil is stable more than ever. It is expected to see approximately 31. 3 % fall in the prices of oil and gas. These figures are based on the investment intentions for 2016.

Innovation department:

The provincial government is introducing new technologies in the market. Several investments are made to conduct world class research in the institutes of Alberta.

Interesting Things to note about British Columbia

British Columbia is the only one of Canada’s provinces that shares two borders with the U.S. Because of the origin of this rejoin as a part of the Columbian District which was held by the company of Hudson Bay, the province was given its name in the year 1858 by Queen Victoria. British Columbia is a Mixture of modern attractions in beautiful natural settings and is a great location to live in or visit.

Below are some interesting facts about British Columbia. They include;

Around half of the population of over 4 million is situated in the metropolitan area of Vancouver which consists of 19 municipalities and cities and is one of the cities in the country which is most ethnically diverse. Over half of the residents situated there do not speak English as their first language, and Chinese is the most popular language after English.

The second largest concentration of individuals in the Capital Regional District is held by the southern tip of Vancouver Island. This includes over ten municipalities, and one of them is Victoria which is the capital city.

Abbotsford and Kelowna both consists of populations of more than 150,000 while Nanaimo, Kamloops, and Chilliwack are about 100,000.

Around 50 sections are legally considered as cities, and the smallest has a population of 708 although a majority of them have a population of over 5000.

British Columbia is grouped into 29 regional districts which offer municipal and local government services. This is politically the same as countries.

The provincial flag had a Royal Union Flag based on the coat of arms and marked using a crown on the top section and the setting sun on the lower section.

British Columbia has a bunch of provincial animals, and the unique of these animals is the provincial mammal known as the Spirit Bear. It is also recognized as the Kermode bear. It is a bear which is white and genetically different from the albino black bear.

This province consists of the largest amounts of blond and black bears worldwide.

Industries aiding the growth of British Columbia

British Columbia is a well-populated location in Canada with an estimated population of 43.6 million. With a population this large, a booming economy is expected. The industries that have played a part in making British Columbia what it is have been compiled and each plays an essential part in its economy.

  • Forestry:

This is essentially the major means by which the economy of British Columbia grows. It makes use of the market advantages that the city has such as its closeness to Asia, the labor intensive focus, and the city’s consistency when it comes to making use of easy and sustainable practices.

  • International Education:

It has been known to produce standard education that is recognized worldwide thus British Columbia is steadily recognized by parents and students alike as a noted destination to further education. It also gives expanded the information on benefits of studying abroad.

  • Tourism:

The business of tourism in British Columbia is noted for an industry that creates the most jobs. It provides avenues for entrepreneurs to step into the market alongside long term and short term jobs for those who reside within.

  • Agrifoods:

Agriculture is another job-creating industry in British Columbia.jobs are steadily made available for investors and industry partners alike. The produce created is one of the freshest, healthiest and safest crop that one can get.

  • Mining and energy;

The mining and energy market provides a wide range of jobs which in turn builds up the nation’s economy. The innovative nature of B.C makes that its largest city Vancouver is recognized as a powerhouse of engineering, finance, and environmental matters.

  • Natural Gas;

The natural gas sector provides a lot of investment opportunities. The revenue created by this area is then put back into the economy and used for social funds to create bridges and roads. The natural gases are used as fuel means and equally traded.

  • Small Business:

Small businesses make for approximately 31 percent GDP of the province’s economy and is a major export source accounting for over 86 percent. Similar to companies in Alberta like pressure washing Fort McMurray, small businesses in BC are a vital component to the growth of industry in the province

  • Transportation:

When searching for what the major influencer of the economy of B.C, you really wouldn’t have to look further than transportation. The transport system of B.C isn’t limited to the road but extends to air, sea, and rail. The province relies on transportation as a way to interact with the global market.  The reliability of the transport systems adds to why it contributes majorly to the economy.

  • Technology and Green economy:

The technology sector in B.C is the second largest for job creation in the sector over the last decade. The sector is always looking for innovative individuals who are willing to put in work to create the next best thing.

  • Manufacturing:

This sector is practically involved in all other sectors in the sense that the products made from other sectors are a result of manufacturing.

  • Aboriginal Peoples and First Nations:

To inculcate a united nation, the government of the province has created plans that give the aboriginal people roles to play in the growth of te economy. This work can only grow for as long as the government is committed to the people’s opinions and goals.

All in all, British Columbia is steadily becoming a force to be reckoned with in Canada as its innovative nature leads to economic growth. With this growth, the inhabitant of the land are also carried along as each sector that plays a part in the economy creates endless job opportunities for people.

History of British Columbia

Amongst the provinces of Canada, British Columbia is located in the most western part and is vastly surrounded by mountains. It ranks in as the third largest province with a land surface that takes up 10% of Canada, falling in shortly after Quebec and Ontario.  Even though British Columbia consists of a wide expanse of land, the presence of mountains restricts habitation to its south-western corner. The diversity present in British Columbia sets it apart in contrast with other locations. It is set with coastal landscapes captured among high mountains with snow peaks that extend past narrow inlets and fjords. The contrast of upland forests and plains of the northeast provides British Columbia with scenic views.

British Columbia got its name first in passing from Queen Victoria but was made official in 1858. The two major regions of British Columbia are commonly known as “the Interior” and “the Coast.” The names are so from the vast contrast that both regions have with one another. The metropolitan area of Vancouver hosts approximately 60% of the province’s population. Thus it is set as its center for commerce, industry, and culture. The “Georgia Strait” region of British Columbia holds about 20% of its population. Cities that fall within that region include Victoria. The remainder of the population is widely spread all through the mountain areas of the province. Notable mountain areas are the Kootenay and the Okanagan. Locations such as Prince George, Dawson Creek, and Fort St. John’s depend more on the world markets than local markets for their economic growth. The majority of British Columbia operates based on the Cordilleran mountain system of western North America.

The climate varies in small areas of British Columbia. Like all else that concerns British Columbia, the contrasting climate lies majorly within the coast and the interior. Other climate variations also occur between the uplands and valleys, and with the northern and southern locations of the province. The coast experiences warm air flow from the Pacific Ocean, and this produces relatively mild temperatures during the winters. The cold waters of the ocean reduce coastal temperatures in the summer.

The economy of British Columbia has been growing steadily over time due to the province’s dedication to agriculture and transportation. Transportation as an economical building block is so due to the amount of export that British Columbia carries out and also due to its proximity to international waters of China, South Korea, and India amongst others.

Industries Aiding the Growth of Alberta

The economy of a nation is a factor taken into consideration when growth is trying to be achieved. Things are not any different when dealing with the province of Alberta, and this article is a compilation of all that makes this province what it is.

  • Defense and Aerospace:

The innovative measures and expertise nature of Alberta make it widely recognized by the world as powerhouse especially in line with various goods and services provided with aerospace.

  • Building products and technologies:

The presence of construction innovations for cold weather and environmentally friendly construction and technologies provides vast recognition for Alberta. The recognition makes the technological sector grow, and thus the economy expands.

  • Environmental products and services:

The natural beauty of Alberta has been known to attract thousands for decades. The efforts put in place to preserve this beauty has turned the province into a notable tourist attraction and strengthened the economy.

  • Agri-food:

The high standards Alberta’s produce adheres to has led it to become the third largest produce maker and exporter in the entirety of Canada and this quality guarantee also led to Alberta gaining international recognition when it comes to products.

  • Engineering and construction:

This sector is a significant and major contributor to the GDP of Alberta. This is via the constant contribution tat comes from proper application and management of construction means. The search is always on for innovation and the requirements are quite achievable. Whether is a home construction company in Calgary or a roofing Edmonton company, the province of Alberta relies heavily on this sector to drive industry forward.

  • Financial services:

The financial industry works rather closely with other industrial sectors. It is an essential part of Alberta’s economy.

  • Industrial manufacturing:

The province of Alberta is a popular if not, one of the major manufacturing centers in all of Canada. With the associated aid of the Alberta energy sector, the need for industrial marketing has come along way and help the economy as well.

  • Life Sciences:

In recent times, Alberta has experienced growth in its life sciences industry or sector. The elements that have played a part in the expansion of this sector are infrastructures that defy normal boundaries, award-winning research teams, and of course innovation.

  • Oil and Gas:

The interest the province of Alberta has towards making renewable sources of energy has brought together great minds alongside investors that make the economy of expanding past the point it is at currently.

  • Tourism:

Ever since 1885, Alberta has been known as a tourist location. The natural beauty of the province draws in regular crowds at peak seasons and sometimes all year round. Albertans and foreigners alike come to take advantage of the hospitality services and scenic views of the province.

  • Renewable Energy:

In a bid to diversify the electricity sources in Alberta, the government created a Climate Leadership plan. With the existence of this plan, the government has started research on new means of energy like trough hydroelectric, biomass, solar power and wind.

  • Logistics and Market access:

Arguably Alberta has the best transportation sector in all of Canada. Most reviews attained on the transportation in this province says that the service delivered is efficient.

Overtime Alberta has progressed to one of thus is becoming an economic powerhouse in Canada. The growth of the province leads to the growth of the inhabitants of the land also as re the existence of new sectors create new job opportunities.

History of Alberta

The province of Alberta is located amongst the three prairie provinces of Canada. It is placed along the continental interior of western areas of the country.  It is formed or bordered on the north by the 60th parallel which then forms its Northwest Territories.

On the east side, its territory is separated bythe 110th meridian, and it is then bordered by Saskatchewan which is another of Canada’s Prairie Provinces.  The 49th parallel is a boundary line and an international borders the U.S state of Montana. Lastly, on the west, Alberta’s boundary line is given by the 120th meridian alongside the Roxy mountains crest and is bordered by British Columbia. The distance from the North to the South of the city of Alberta has been measured at 750 miles with an extensive width of 400 miles.

In the year 1882, the establishment of Alberta as a North-West territory resulted in an expansion of its boundaries. Later on, in 1905, Alberta was then recognized as a province. The provincial seat of government for Alberta can be found in Edmonton.  The early exploration by fur traders through the prairie and parkland zones of Alberta led to the earliest developments of Agriculture.

With the emergence of agriculture, the birth of coal, oil, gas, and timber explorations occurred, and this led to population growth in the province, alongside urbanization and industrialization. Although there was an increase in the population, the province is not overpopulated. The positive aspect of this is that resources are not limited for the inhabitants, but the disadvantage is that it prevents Alberta from breaking through the industrial development that is happening through the highly populated eastern location transition zones and extend towards the southern border of the United States.

With the emergence of agriculture, the birth of coal, oil, gas, and timber explorations occurred, and this led to population growth in the province, alongside urbanization and industrialization. Although there was an increase in the population, the province is not overpopulated. The positive aspect of this is that resources are not limited for the inhabitants, but the disadvantage is that it prevents Alberta from breaking through the industrial development that is happening in the highly populated eastern locations of the country.

The presence of natural routes to the North makes Alberta a start point for the arctic and subarctic region development. The scenery present in the subarctic regions and consequently mountains parks creates a lucrative tourist industry for the province. The continental climate of the province provides the most sunshine in comparison to the other provinces. The winters tend to be dry, cold, and sunny except in the South where the Chinook winds raise the temperatures.