Alberta’s Economy to Finish 2026 Strongly and Grow in 2027: ATB Financial

A new report by ATB Financial indicates Alberta’s economy is expected to conclude the year robustly and exceed other provinces in key economic indicators, primarily due to elevated oil and gas prices. The province’s real gross domestic product (GDP) is projected to grow by 2.6 percent this year, surpassing the national average, and is forecast to expand by 2.3 percent next year, also outpacing national projections. Despite broader challenges like geopolitical instability and trade uncertainty, Alberta is anticipated to remain in a relatively strong economic position through 2026.

• ATB Financial report predicts Alberta’s economy will finish the year strongly and outpace other provinces.
• High oil and gas prices are a significant contributing factor to this expected growth.
• Alberta’s real GDP is projected to grow by 2.6% this year, compared to 0.9% nationally.
• Next year, Alberta’s GDP is expected to grow by 2.3%, exceeding the projected national growth of 1.5%.
• A ‘high case’ scenario suggests GDP growth could reach 3.4% this year and 3.8% next year.
• The province is expected to maintain a relatively strong economic position despite global challenges.