Mortgage lender ATB Financial says that Alberta could narrowly avoid slipping into recession this year but that if it does there will be little growth. The provincial bank has cut its forecast in half since March and now expects GDP to hit 0.4 per cent rather than the 0.8 per cent it expected in its previous outlook. CBC News reports that real estate, hotels and drilling are among the sectors that have been hardest hit by the decline in oil prices. 

Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate

More market watch: