It turns out Albertans still like to spend.
Alberta's retail sector has grown by 7.5 per cent this year to date, more than twice the national average of 3.5 per cent, according to data from Statistics Canada."So, the combination of more people coming here, migration from other provinces and internationally, and a stronger job market that has contributed to higher retail sales," said Mark Parsons, chief economist at ATB Financial.There are still signs that rising interest rates are having an impact on people's decisions.
"Sectors that are exposed to that discretionary world like hospitality and tourism and retail may see some softness going forward."
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