Calgary has had the strongest performing urban economy in Canada for the past 10 years, and is expected to stay at the top – or close to it – through 2017.
The city is recognized as the capital of the Canadian oil and gas industry, as well as a leader in economic expansion. It is home to many of Canada’s oil and gas producers, and is the decision-making hub and head office location of every energy company doing business in this country. As well, Calgary is becoming a global energy centre, with a strong representation of coal companies, and organizations working in alternative energies, green power and environmental technologies. Many financial businesses have grown up around these energy companies. Small business and self-employment levels also rank amongst the highest in Canada.
Some large employers with Calgary head offices include Canada Safeway Limited, Westfair Foods Ltd., Suncor Energy, Agrium, Flint Energy Services Ltd., Shaw Communication, and Canadian Pacific Railway. Canada’s second biggest airline, WestJet, is headquartered close to the Calgary International Airport.
The city has also invested into non-energy related areas such as high-tech manufacturing and tourism, and is known for its famed Calgary Stampede and cowboy culture.