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Varcoe: Investment poised to grow in Alberta into 2025, as economy strengthens and interest rates fall

calgaryherald
Summary
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73% Informative

A Louisiana -based company announced Thursday it’s developing a new multimillion-dollar facility and putting its Canadian headquarters squarely in Alberta .

The decision was made as economic prospects are expected to improve next year , according to a new forecast by ATB Financial .

Several companies are already moving ahead with major capital projects, including Dow 's $9-billion net-zero petrochemical project near Fort Saskatchewan .

The number of Calgarians who say they’re optimistic about the local economy has dropped to 35 per cent from 50 per cent last year .

“Confidence is there for the most part — but there’s still a segment of the population that has yet to get to that feeling of stability,” says Usman Tahir Jutt .

VR Score

80

Informative language

82

Neutral language

39

Article tone

semi-formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

8

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