Alberta economic news today

Here are some recent economic news articles and updates from Alberta:

Job Market

• Alberta's unemployment rate rose to 7.2% in February, up from 6.9% in January, according to Statistics Canada. (Source: CBC News)
• The province added 1,300 jobs in February, mostly in the public sector. (Source: Global News)

Oil and Gas

• The price of Western Canadian Select (WCS) crude oil, which is a benchmark for Alberta's oil production, fell to a record low of US$12.45 per barrel on Monday. (Source: Financial Post)
• The Alberta government is considering a proposal to build a new oil refinery in the province to reduce reliance on foreign refineries and create jobs. (Source: Edmonton Journal)

Economy

• Alberta's economy is expected to grow by 2.1% in 2023, according to a report by the Conference Board of Canada. (Source: Calgary Herald)
• The province's GDP grew by 1.3% in the fourth quarter of 2022, driven by growth in the services sector. (Source: Alberta Treasury Board and Finance)

Business and Industry

• The City of Calgary has approved a new downtown arena project, which is expected to create 1,000 construction jobs and boost the local economy. (Source: Calgary Herald)
• The Alberta government has announced a new program to support the growth of small and medium-sized businesses in the province. (Source: Alberta Government)

Infrastructure

• The federal government has announced a new infrastructure funding program for Alberta, which will provide $1.2 billion over five years for projects such as road construction and public transit. (Source: Government of Canada)
• The Alberta government has launched a new program to improve highway safety and reduce congestion on major highways. (Source: Alberta Transportation)