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Last year was a financial roller-coaster, and Alberta probably isn't getting off the ride in 2023. But the province appears in a better economic position than most others to handle the nauseating rises and falls.
The energy sector will help Alberta outperform the rest of the country with modest growth in 2023, says an ATB Financial economic forecast.
Canada's latest reading on inflation came in hotter than expected as the cost of groceries continued to climb at the fastest pace in decades, setting the stage for another sizeable interest rate hike next week.
Albertans are feeling the sting of soaring inflation, with prices shooting up by 6.2 per cent in September from a year ago.
A new outlook on Calgary's economy for the rest of this year and into 2023 suggests that while the city is riding high on housing and retail figures, it will not escape challenges posed by high inflation and recession.