News

AMBA Membership Committee Report: January 2023

Welcome to 2023, a year that seems poised to hold good potential for Alberta in general, and our Steel Building Market in particular. Alberta has always persevered through the ups and downs of political and economic winds of change. Strong indications are that we will see increased population growth and economic activity, as we build on our oil and gas legacy and at the same time, transition into alternative energy markets and carbon capture and storage.

Alberta is calling, Metal Building Erectors..

It’s turning out to be another very unpredictable year. While inflation is skyrocketing with rates many have never seen before, Alberta is reaping the benefits of shocking energy prices with an estimated $3.9B budgetary surplus – far exceeding what was forecasted. Our province is set to lead the country in economic growth: 5.5% forecasted for 2022. The price of oil is once again catapulting this economic windfall. However, this ‘boom’ is different from the past. Oil companies, having been so battered by collapsing oil prices, are choosing to direct profits towards paying down debt rather than investing in capital.

State of the Industry: October 2022

It’s turning out to be another very unpredictable year. While inflation is skyrocketing with rates many have never seen before, Alberta is reaping the benefits of shocking energy prices with an estimated $3.9B budgetary surplus – far exceeding what was forecasted. Our province is set to lead the country in economic growth: 5.5% forecasted for 2022. The price of oil is once again catapulting this economic windfall. However, this ‘boom’ is different from the past. Oil companies, having been so battered by collapsing oil prices, are choosing to direct profits towards paying down debt rather than investing in capital.

State of the Industry: Summer 2022

It’s turning out to be another very unpredictable year. While inflation is skyrocketing with rates many have never seen before, Alberta is reaping the benefits of shocking energy prices with an estimated $3.9B budgetary surplus – far exceeding what was forecasted. Our province is set to lead the country in economic growth: 5.5% forecasted for 2022. The price of oil is once again catapulting this economic windfall. However, this ‘boom’ is different from the past. Oil companies, having been so battered by collapsing oil prices, are choosing to direct profits towards paying down debt rather than investing in capital.