The latest jobs numbers out of Statistics Canada don't paint a pretty picture for Alberta. Province-wide, the unemployment rate was at 7.9 per cent in February. Todd Hirsch is chief economist at ATB financial. He says many in Alberta are comparing the latest downturn to the painful rout in the 1980s -- but in at least one respect, it's not as bad this time around. (In Windsor, Ontario -- a city that has long suffered because of the downturn in the automotive sector -- the Statscan data shows an unemployment rate of 7.7 per cent, lower than Calgary's 8.4 per cent.)

Date: 2016-03-11
Placeline: CALGARY.
Source: The Canadian Press
Length: 12 seconds

Transcript Prediction: << I mean when you look at oil prices yeah that's similar but the biggest difference this time around is that I'm not expecting to see a housing price collapse and the big difference there is interest rate >>

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