Gloomy economic forecast by ATB financial
An up-to-date snapshot of the province's economy forecasts a significant slowdown in Alberta's economy this year. ATB Financial released its second quarter update Tuesday which predicts the weakest GDP growth in 6 years in Alberta at 0.8%. That's down from the 2% percent forecast in January. The bank also says investment in the energy sector is being hurt by low oil and gas prices, and it forecasts a provincial unemployment rate of six percent for the year. ATB believes oil prices will begin...