Jan. 12, 2016 | Joel Schlesinger
Global glut for oil means Alberta economy is expected to struggle in 2016 – and Calgary's housing market along with it
Alberta's energy sector has only felt the tip of the blade, say experts, who anticipate the worse is still to come.
"Unfortunately, the story is not positive – and it's not over for Calgary by any stretch of the imagination," said CIBC deputy chief economist Benjamin Tal.
"I think that 2015 was just the pre-show, and we're going to see most of the damage, at least, in the first of half of 2016."