Meanwhile the chief economist of bank and mortgage lender ATB Financial sounded a less optimistic outlook for the Alberta economy. Todd Hirsch said that the first half of 2016 would be tough with further job losses and pressure on retailers and the housing market. He expects oil prices to rise by the end of the year.
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The Prime Minister said Thursday that he is “optimistic” about the future of Canada’s economy, which will require diversification from a reliance on energy. Justin Trudeau said that there is “work to do” but he remains confident that his government can do it.