The last time he spoke in Red Deer, Don Drummond marvelled at the economic strength and growth of the Calgary-Edmonton corridor.
The sluggish American economy, high loonie and low natural gas prices might cool things down, said TD Financial Group’s senior vice-president and chief economist in November 2007, but oil prices should remain strong and natural gas values rise.
The numbers took an ugly turn after Drummond left town, but he’ll have an opportunity to update his forecast when he returns on Oct. 7 for a Red Deer Chamber of Commerce Speakers Series luncheon. This time, his topic will be: What Comes After The Great Recession?
Drummond is expected to share his perspective on what lies ahead for Canada, including in the trade and commodity sectors that are critical to Alberta’s economic health.
Earlier this month, he told Maclean’s magazine that it will be very difficult for the federal government to get its deficit under control. Canadians might still be feeling the adverse effects of the recession five or more years from now, he said.
The Chamber’s Speakers Series luncheon is at the Red Deer Lodge. Cost is $30 for members, $35 for non-members, with registration required by Oct. 5.
Call the Chamber office at 403-347-4491 or e-mail lhutton@reddeerchamber.com.