There are various states located in the country of Canada and it is often seen that the economic condition is healthier in the western side. As a province Alberta does not have any debt associated with it. It has managed to save a lot of money over the decades and has surplus funds in store. But if the situation of Alberta is analyzed at a large scale it is found that the economic status is not as healthy compared to the other parts of Canada. It has undergone enhancement in tax spending over the years and thus this kind of a situation is being faced.
In states like Alberta which is situated in the western part, agriculture is certainly looking up. The agriculturists who are based in this part of the country have nothing to worry as of now. Some of the crops like barley, wheat and canola hold a very good chance of growing well this season which have managed to keep the farmers in an upbeat mood this season. If a comprehensive study of the western states is conducted as far as exports are concerned, there are loads of positives which can be found out of the scenario.
These provinces share a very good export and import relationship with some of the most prospective nations of the world like India, China. But the states who are located on the eastern side like Ontario do not share the same status of export- import relationship with the other nations. As far as a recent calculation which has been conducted by the leading economists of the country, the western states holds a lot of prospect even in the days to come.
There are a variety of engineering projects which are being developed in the western states like Alberta. This has kept their economy at a good stead over the years and the future certainly looks prospective. There are numerous oilsands which are located in the western states like Alberta. Oil drilling has evolved as one of the leading industries of the area over the years. The rising price of oil in an international basis has only made the situation better for them. New types of technological innovations have been used to drill oil from the fields of Alberta.