Edmonton Economic Development Corporation

Edmonton Economic Development Corporation

August 02, 2012 16:55 ET

Edmonton's Surging Financial Sector

EDMONTON, ALBERTA--(Marketwire - Aug. 2, 2012) - With more than $145 billion in assets under management, Edmonton's financial services industry is a rapidly growing part of the city's economy. At Edmonton Economic Development Corporation, in Edmonton, Alberta, Canada our key areas of focus are life sciences, financial services, energy, advanced technologies, advanced education and tourism.

As you concentrate on the finance industry, we'd like to share some information about activity in our region.

Edmonton EI recipient numbers nosedive 38% - The number of Edmontonians receiving employment insurance dropped by 38 per cent year-over-year in May, Statistics Canada reported Thursday. Click here to read more.

Alberta economy to lead Canadian economic growth in 2012 - The Alberta economic outlook is generally positive with the highest rate of growth for all provinces of 3.8 per cent this year, says the Conference Board of Canada in its latest forecast released Friday. Click here to read more.

Alberta retail sales growth leads Canada - Alberta's retail sales growth continues to lead the country. Statistics Canada reported Tuesday that sales in the province reached $5.7 billion in May, an increase of 8.9 per cent from last year - the highest annual rate of growth in Canada. Click here to read more.

Home to the Alberta Investment Management Corp. (AIMCo), two regional banks and one of Canada's top credit unions, Edmonton is a hotbed for finance and investment. Visit www.edmonton.com for more information on EEDC and its four operating divisions.

Edmonton Economic Development Corporation (EEDC) provides leadership in economic development, markets Edmonton as a must-see destination, manages the Shaw Conference Centre and Edmonton Research Park, and acts as a stakeholder in TEC Edmonton, a joint venture with the University of Alberta. For more information, visit www.edmonton.com. Learn more about Edmonton through the stories of people who've experienced it at www.edmontonstories.ca.

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