Making sense of Alberta's economic puzzle

Alberta’s economy looks strong on paper, but many residents don’t feel better off. Despite record oil production, rising exports and the highest GDP per capita in the country, wage stagnation and uneven wealth distribution have left many Albertans frustrated. In this episode of West of Centre, host Kathleen Petty speaks with economists Alicia Planincic of the Business Council of Alberta and Jim Stanford of the Centre for Future Work to unpack the province’s economic paradox: how can a place so rich feel like it’s falling behind?

The conversation explores deeper structural issues, including weak capital investment, declining real wages across multiple sectors and whether job growth is keeping pace with population gains. The panel questions whether producing more oil would actually ease Alberta’s economic challenges and examines the role of provincial and federal policy in shaping the province’s fortunes.

Looking beyond the oilpatch, the episode also considers Canada’s broader economic strategy — from global trade risks to competition in AI — and what it will take to strengthen long-term growth.