In the Financial Post, Alberta Central’s Chief Economist Charles St-Arnaud spoke on how the “Alberta advantage” is slipping away as Albertans have been hit hardest by inflation increases over the past several months.

We find that Albertans have seen the most significant underperformance in their purchasing power since 2019 of all Canadian provinces,” chief economist Charles St-Arnaud said in the report.

The article continues to note that Albertans’ purchasing power on average has declined by 3.6 per cent since 2019, while it has increased by 3.3 per cent in the rest of the country, which represents an underperformance of 6.9% relative to the rest of Canada, over the past three years.

You can read the full article here.

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