Calgary is one of the fastest-growing destinations in Canada. Calgary is just 80 km from Toronto, in the heart of Alberta, and is the highest workplace in Canada. The city is charming in all aspects of its economy. It is one of the best performing economies, not only in Canada but all over the world.
The history of the Calgary economy is intertwined with profound twists and turns. Before the oil industry collapsed in the late 1980s, the city was operating on oil. Most of the highest-paid Calgary jobs are only found in the petroleum industry. But a lot has changed after the crisis. New sectors have emerged, thereby redefining the city’s economic growth and job creation.
Some of the areas that came out of the rubble include:
Sports and entertainment
Tourism and hospitality
These industries virtually reshaped every aspect of the Calgary economy. It is the largest employer and also shows promising growth trends, according to Statistics Canada, Alberta.
Business trends in Calgary
Calgary is a little paradise on earth. It has the lowest unemployment rates not only in Alberta but across Canada. Recent survey reports indicate that the city’s unemployment rate is 4.9%. This figure is much lower than the expected gross national index of 7.4%. This means that it is much easier to find a profitable job in Calgary than anywhere else in Canada.
Top employers in Calgary
For junior job seekers, the following sectors are essential in Calgary:
Oil and gas industry
Tourism and hospitality
Oil and gas sector
As mentioned above, it has been the economic engine of the city for decades. Currently, however, the sector is not dominant. In terms of jobs, it still represents a proportional number in the city. Some of the highest-paid occupations still exist in the industry. Some of them include:
Technical and administrative jobs
If you’re in Toronto, you’ve noticed a strong chemical industry. This also applies to the city of Calgary. The chemical industry here is the market leader in job creation and employment. Some of the major companies in this industry include:
Dow Chemical Company
Tourism and hospitality sector
This is one of the main beneficiaries of the oil crisis in the late 1980s and has one of the most impressive records in recent times. For example, last year alone, the city welcomed about 3 million tourists. The numbers are expected to increase this year. This influx of tourists has put this economic sector on the path to success. The city’s hotels, monuments and other landscapes represent many new jobs every year.