More than 200 of Alberta's business leaders and more than
900 consumers indicated that their overall confidence in the
economy is increasing since July 2012, reversing a downward trend
that began in March 2012. The unemployment index steadied in
September—following a decline that also began in March
201—indicating both business leaders and consumers are
becoming less apprehensive about the job market.
"The reversal of the downward trend we've been seeing
since March 2012 is a strong statement about the optimism both
business leaders and consumers have about the Alberta
economy," says Ian Gunn, Alberta Private Company Services
Leader at PwC Calgary.
While the general view of fiscal conditions has remained
relatively steady for the past 12 months, the future interest rate
index decreased slightly amongst business leaders—after
falling sharply in May 2012 and increasing significantly again in
July—signifying that more business leaders once again
expect interest rates to rise. An upward trend since May 2012
indicates that while more consumers are becoming optimistic with
respect to interest rates, overall they still anticipate some
increase. The survey also highlighted that while 44% of business
leaders consider their business taxes to be too high, 38% believe
tax amounts to be "just about right".
Consumer opinion regarding the housing market has remained
consistently high for the past year. After dipping slightly in May
2012, the majority of respondents continue to believe that now is
generally a good time to buy a home with 72% of Edmontonians and
64% of Calgarians indicating they feel the housing market is
When asked about their opinions toward recent topics in the
media, an overwhelming 82% of business leaders surveyed confirmed
their support of Premier Allison Redford's stance that Alberta
shouldn't give up any energy royalties to British Columbia
around the proposed Northern Gateway Pipeline.
As the United States Presidential election draws near, both
business leaders and consumers were also asked to comment on their
choice of candidate. When asked—from a purely Alberta
perspective—which candidate they believed would be most
beneficial to the Alberta economy, 42% of business leaders chose
Republican nominee Mitt Romney over current President Barrack
Obama, who received 33% support amongst business leaders.
Conversely, when asked which candidate would be most beneficial to
Alberta in general, 47% of consumers chose President Obama, with
only 22% support for Romney.
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The Law Society of British Columbia’s Cloud Computing Working Group issued its Final Report on Cloud Computing on January 27, 2012, amending an earlier consultation report approved by the "Benchers" on July 15, 2011.
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