BUSINESS

Canada GDP 2011: Alberta, Saskatchewan Led Nation's Economic Growth

04/27/2012 08:54 EDT | Updated 06/27/2012 05:12 EDT
Flickr: abdallahh
OTTAWA - Statistics Canada says Alberta led the country in economic growth in 2011, followed closely by Saskatchewan.

The Canadian economy as a whole expanded 2.6 per cent in 2011, slowing somewhat after a 3.4 per cent expansion in 2010.

But in Alberta, the economy picked up speed. It surged 5.2 per cent last year, after a more tepid 3.3 per cent expansion a year earlier, buoyed by high energy prices that encouraged extraction and exploration in the oil and gas patch.

Saskatchewan's economy grew 4.8 per cent from the previous year, thanks to strong export demand for its natural resources.

The most populous province, Ontario, saw sluggish 2.0 per cent growth in 2011, led by mining and exploration, as well as manufacturing.

The only part of the country to see an outright contraction was Northwest Territories, where economic output dropped 5.5 per cent, led by a big decline in diamond mining.

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