Our 2016 Alberta forecast
Alberta continues to feel the tremors following
the oil price quake: an oversupply of oil and warnings of climate change, a
worldwide economic slowdown and low interest rates, and sustained geo-political
turmoil. Can it get any worse? Here are two cautionary notes for 2016: one, for
the new Alberta government - heed the lessons learned from the Ontario debacle,
and two, for troubled corporations - don’t go it alone. Innovation is
mandatory, but innovation is more than an idea, to recover, to grow, and to
prosper, requires a market and often a new partner.
Forecast - Going
small, swift, and supple:
1. Increased bankruptcy filings and a rise in M&A
2. Increased public spending on infrastructure;
investment activity targeting emerging technologies; and
restructuring of the entrepreneurial ecosystem.