Found 97 blog entries tagged as edmonton.

The Top Economic Stories of 2020 Part 2 of 5

Happiness is banking with ATB.

ATB Economics

Second only to the pandemic in terms of its negative impact on the Alberta economy in 2020 is the oil price war between Saudi Arabia and Russia.

Back in January 2020 before COVID was a household word, the U.S. Energy Information Administration’s (EIA) forecast for the average price of a barrel of West Texas Intermediate (WTI) crude in 2020 was $US59. As of December 8, the EIA expects the 2020 average to come in just under $39. The price averaged $57 in 2019.

The demand destruction brought on by the pandemic is the main reason for the difference, but bad…

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The Top Economic Stories Of 2020 Part 1 of 5

Happiness is banking with ATB.

ATB Economics 

It’s that time of the year when we take a look back—from an Alberta perspective—at the top economic stories that took place over the previous 12 months. Each Owl this week will examine one story.

The full list, along with other observations about the year that was, are discussed in the latest edition of ATB’s The Future Of podcast hosted by our Chief Economist Todd Hirsch. The year-end edition can be found here and features commentary from energy guru Jackie Forrest.

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First up is the ongoing saga known as Brexit. Brexit (a combination…

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 Buying a Recreational Property

Spending time at a cottage or recreational property can be a great idea. Not only do you have the conveniences of home, but you feel you are on a vacation whenever you need to get away.

However, there are a few things to consider when looking to purchase a recreational property.

  • Can you financially afford a second property? Ensure that you have a solid plan in place, and know where the down payment will be coming from. 
  • How will you make the monthly mortgage payments? Will the monthly payments leave you house poor, or will you be able to save enough for repairs, maintenance, and enjoying life? 
  • Keep in mind that CMHC will not allow anyone to take advantage of their program when buying a second…

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