👉According to a new report from Statistics Canada, Alberta was one of Canada's leading economic contributors in 2023, despite a national growth slowdown. While Canada's real GDP growth dropped to 1.2%, down from 3.6% in 2022, Alberta's economy expanded by 1.5%, following a 5.1% growth in 2022. Alberta ranked third in economic contributions, behind Ontario and B.C. The province's growth was mainly driven by mining, quarrying, and oil gas extraction, which accounted for 46% of the momentum. However, the construction sector's slower growth and a 14.1% decrease in crop yields were hindrances to Alberta's overall economic performance.✅ . 𝐔𝐧𝐥𝐨𝐜𝐤 𝐲𝐨𝐮𝐫 𝐝𝐫𝐞𝐚𝐦 𝐡𝐨𝐦𝐞 𝐰𝐢𝐭𝐡 𝐌𝐚𝐧𝐨𝐣 𝐊𝐚𝐫𝐚𝐭𝐡𝐚, 𝐚𝐧 𝐚𝐰𝐚𝐫𝐝-𝐰𝐢𝐧𝐧𝐢𝐧𝐠 𝐑𝐞𝐚𝐥𝐭𝐨𝐫 𝐢𝐧 𝐎𝐧𝐭𝐚𝐫𝐢𝐨. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟐𝟐𝟔-𝟐𝟔𝟔𝟓 𝐄𝐦𝐚𝐢𝐥: 𝐦𝐚𝐧𝐨𝐣@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @manojkaratha_realtor . . #AlbertaEconomy #EconomicGrowth #StatisticsCanada #GDP #Mining #OilAndGas #Construction #mnm #malayalisnearmeapp #canadaupdate #canadanews

👉Alberta witnessed the highest inflation rate among Canadian provinces in February, with a notable increase driven by a rise in natural gas prices. Statistics Canada reported a 4.2% Consumer Price Index for the province. Calgary experienced the highest price growth among major cities at 5.1%, followed by Edmonton at 4.2%. Quebec had the next-highest provincial inflation rate at 3.3%, while Manitoba saw the smallest increase at 0.9%. Nationally, the average inflation rate was 2.8%, with declines noted in categories such as wireless services (-26.5%) and internet rates (-13.2%). Grocery costs rose by 2.4%, marking a slower increase compared to overall inflation rates since October 2021.✅ . 𝐍𝐚𝐯𝐢𝐠𝐚𝐭𝐞 𝐲𝐨𝐮𝐫 𝐡𝐨𝐦𝐞 𝐣𝐨𝐮𝐫𝐧𝐞𝐲 𝐞𝐟𝐟𝐨𝐫𝐭𝐥𝐞𝐬𝐬𝐥𝐲 𝐰𝐢𝐭𝐡 𝐊𝐚𝐦𝐚𝐥, 𝐲𝐨𝐮𝐫 𝐝𝐞𝐝𝐢𝐜𝐚𝐭𝐞𝐝 𝐆𝐓𝐀 𝐑𝐞𝐚𝐥𝐭𝐨𝐫. 𝐂𝐚𝐥𝐥: +𝟏 (𝟔𝟒𝟕) 𝟔𝟕𝟑-𝟑𝟓𝟏𝟔 𝐄𝐦𝐚𝐢𝐥: 𝐤𝐚𝐦𝐚𝐥@𝐭𝐡𝐞𝐜𝐚𝐧𝐚𝐝𝐢𝐚𝐧𝐡𝐨𝐦𝐞.𝐜𝐨𝐦 @kamalpillai_realtor . . #InflationRate #AlbertaEconomy #CalgaryGrowth #StatisticsCanada #ConsumerPriceIndex #GroceryPrices #EconomicTrends #mnm #malayalisnearmeapp #canadaupdate #canadanews