Healthy

How Banff’s champagne powder and the low loonie are helping Alberta battle recession

Alberta's provincial government is looking to tourism to help offset a devastating oil and gas slump, aiming to boost revenue from visitors to the province by about 25 per cent to more than $10 billion by 2020.

On Alberta’s mountainous western edge, champagne powder, hot springs and evergreen forests are enhancing the Canadian province cushion the pain of the oil-induced recession.

How Canadian snowbirds are feeling the pinch of a falling loonie: ‘There aren’t any deals anymore’


Even Harry Rosen can’t help but keep one eye on the falling loonie these days. The 84-year-old founding father of the long-lasting Canadian high-end designer clothing store chain that bears his name is among a million Canadian snowbirds watching their expenses go up

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Banff National Park is on track for record attendance this season as Canada’s oldest park adds new attractions such as heated ski chairlifts and ladders to assist climbers scale the peaks. Nearby, the story-book castle that’s the place to find the Banff Springs Hotel is packed with tourists from around the world. It’s an uncommon supply of positive news in a Canadian province whose economy is forecast to contract for a second year in 2016.

“The mountain parks are undoubtedly the busiest parks, with Banff undoubtedly getting the most critical tourist use,” said Daniel Watson, ceo of Parks Canada, the federal agency that oversees the world’s largest park system, by telephone from Ottawa. “Canada has truly probably the most remarkable places on earth.”

With Alberta’s oil-driven economy suffering from a large number of job losses, billions of dollars of foregone investment and little prospect of a go back to the boom days of the past decade, a 17 per cent slide in the Canadian dollar over the past 2 yrs is stoking tourism — and also the long-standing debate over development versus conservation in Banff, a UNESCO World Heritage Site.

Unlike Alberta’s main oil industry, which accounts for a quarter from the provincial economy and it has attracted a lot more than $100 billion in investment in the last decade, Banff continues to be careful to build up at a slower pace. Established in 1885, the park hosts about 80 grizzly bears, elk and alpine wildflowers.

It’s been slowly introducing new adventures for tourists. Attendance is anticipated to rise 7.4 per cent to 3.86 million tourists in the entire year ending March 31, 2016 following a 10 % rise in the previous year, according to Parks Canada projections. That’s probably the most since a minimum of 2000 when the federal agency changed the actual way it counted visitors.

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