Calgary
As the energy sector is responsible for the largest share of jobs in Calgary, the consequences of the recession of the 1980s are enormous. The unemployment rate soared. Towards the end of the decade, however, the economy is recovering . The city realizes that it can not depend on such a point on only the oil industry, and the city has diversified greatly since, economically and culturally. The period of recession marks the transition of Calgary from a medium-sized city grassland into a cosmopolitan and diverse city center. This transition was completed in February 1988 when the city hosted the XVth Winter Olympic Games, the success of these games announcing the entrance of the city on the world stage.
The economy in Calgary and Alberta is now booming and the region, which now has nearly 1.1 million people, is still experiencing growth among the fastest in the country. The gas and oil industry is the largest part of the economy, but the city has also invested a lot in other areas. Tourism is an economic activity that has the fastest expansion in the city. More than 4.5 million people a year visit the city, attracted by Lake Lousi located close to the Rocky Mountains, creating economic benefits for Calgary. Other areas of importance include light manufacturing, high-tech, film industry, transportation and services.
Oceane
& Theo
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