Economic Growth
- Calgary remains the Services hub for the province’s energy sector and is forecasted to post the second strongest economic growth rate in the country (3.4%).
- It is also forecasted to have a economic growth rate of 4.1% between 2012-2015
- Calgary is Western Canada’s business centre and has more head offices per capita than any other Canadian city.
- A recent article in The Economist stated that, “for the first time in a century, Toronto’s status as Canada’s pre-eminent city is being challenged – the contender is Calgary, the western base of the country’s booming energy industry.”
Energy
- Home to the majority of Canada’s oil & gas production companies and operators
Labour Market
- The total demand for jobs in Calgary is expected to grow by a compound annual growth rate of 3% over the next decade from 749,368 jobs in 2007 to 993,298 in 2017
Financial Services
- Calgary's finance and business industry is experiencing huge growth with 15,200 new jobs created over the past ten years (2000-2009), an increase of 45.5%
Transportation
- The North American Hub for the Pacific Northwest by road, rail and air
- Calgary is at the intersection of the Trans Canada and CanaMex highway systems. This enables road transportation from Alaska to Mexico, and Vancouver to St. John's.
- Over the last decade (2000-2010), Calgary’s population has increased by more than 300,000 people; employment in the transportation and warehousing sector supporting the city’s growth has increased by over seven per cent and employs nearly 80,000 workers.
- Serviced by major north-south and east-west highways, two Class 1 railroads, Canada’s third busiest international airport, and the nearby Port of Vancouver, a market of 50 million people can be reached from Calgary within 24 hours
*info taken from the Calgary Economic Development website
http://www.calgaryeconomicdevelopment.com |
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