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Tag Archives: edmonton

All Talent Development Centre posts for Canadian technology contractors relating to Edmonton.

Regional Job Market Update for Edmonton

Cameron McCallum By Cameron McCallum,
Regional Vice President at Eagle

Much has been made of the continuing recession in Alberta and the fact that we may finally have hit rock bottom means things can only get better from this point on. An interesting statistic takes a look at the sales of new vs. used cars and found that the sales of new vehicles fell 18% during the period between 2014 and 2016, while the sale of used vehicles rose 10%. This same trend was noted during the recession of 2008 to 2009. During that recession new vehicle sales fell 27%, a huge decline and an indicator that things were bad.

So what’s happening now? According to recent stats, as Alberta’s economy gradually gains traction, new vehicle sales are rising once again. They rose 11% in 2017 and signs point to that trend continuing.

Much like the trend in new car sales, the market for Information Technology professionals declined during the recession. The Edmonton market was not as heavily impacted as the Calgary market during this time however, there was a definite decrease as companies and organizations took a cold, hard look at their spending. Edmonton is supported by its large Public Sector and while much of the private sector was hunkering down and keeping the lights on, government at the municipal and provincial level didn’t have that luxury, as taxpayers were clamored for increased and improved services. Additionally, the newly elected government in 2015 brought in a large number of policy initiatives and changes and the result was the reorganization and/or implementation of new systems and processes, which created a consistent level of activity. Things felt a bit slower, but there still seemed to be a demand. If you were an experienced architect, project manager, business analyst or .Net developer, there was little shortage of requirements and opportunities.

What we’re seeing today is different. Those roles continue to be in demand, but we’re seeing (and hearing of) major projects either in the planning stage or already on the docket and ready to go. Clients in traditional sectors seem to have greater confidence and are moving projects from planning to implementation. And new companies and partnerships are springing up in response to new opportunities and legislation, such as the legalization of Cannabis. This is driving innovation and opportunities in technology, especially around data, security, mobile apps and the cloud.

So what roles are clients looking for? As mentioned earlier, project managers, business analysts, and developers continue to be in demand. But we’re definitely seeing the introduction of roles pointing towards the changes taking place in the market.

You may begin to find your skills are in high demand, if you possess the following expertise:

  • Data Scientists
  • Cloud Specialists, specifically “integration” architects
  • ITSM/Workflow Consultants (Service Now)
  • Front End Developers (JavaScript and associated tools)
  • QA Specialists

What’s Really Going to Happen to the Price of Oil?

Cameron McCallum By Cameron McCallum,
Regional Vice President at Eagle

The Edmonton Branch of Eagle held a Contractor Appreciation event just last week in Edmonton and I always enjoy the opportunity to meet those who share the front line of the IT contracting world. And as usual, while much of the chatter involves getting to know everyone just a bit better, there comes a point in the conversation where the inevitable happens and the discussion turns to the market and what our predictions are for the short and long term future of the economy. And a big part of the discussion this time around centered on the situation in the oil patch.

First off, Edmonton is not Calgary. Edmonton’s economy is more diversified and less directly impacted by the low price of oil. We have a large public sector that spends massively in health care, infrastructure and education. There is a thriving small to medium business sector that provides all kinds of products and services and employs a large number of Albertans. But also true is that the funds that the public sector uses to fund its projects comes from revenue directly related to the resource sector and many of those small to medium sized business’ products and services are directly targeted at the oil industry. So it was no surprise that the question being debated amongst a number of attendees was just what was going to happen to the price of oil.

What's Really Going to Happen to the Price of Oil?This article written by Peter Tertzakian for OilPrice.com uses the analogy of the fashion world to describe why oil prices might just be ready to ascend.  Given how interesting and relevant it is to the discussions I had just last week with independent contractors in Edmonton, I thought I’d take the opportunity to share it with all of our readers on the Talent Development Centre:

Why Oil Could Head Back To $90 Sooner Than Thought

Island in a Storm: Outlook for Edmonton in 2016

Cameron McCallum By Cameron McCallum,
Branch Manager at Eagle

Island in a Storm: Outlook for Edmonton in 2016I recently attended a presentation given by John Rose, Chief Economist for the City of Edmonton, where he offered an analysis of what the future — short and medium term — held for Alberta’s capital city. While the province’s struggles in the wake of an excruciatingly low-priced barrel of oil is well documented, he offered a cautious but mildly optimistic outlook for the city itself. The following are the salient points as I saw it:

  1. Rose predicted modest growth for Edmonton in 2016, likely somewhere around 1%, which is a slowdown from past years when growth hovered closer to 3% and higher.
  2. Construction, Public Administration, and growth in the Retail sector in Edmonton have offset losses connected to stagnation in the resource sector and he felt Edmonton will be much quicker than the rest of the province to return to more robust growth in late 2016 or early 2017.
  3. Growth in Edmonton will be dependent on government investment. Should resource revenues and oil prices continue to remain unusually low and government decides to drastically reign in spending as a result, all bets are off and further recessionary pressures would be forthcoming.
  4. Unemployment in the province will increase by as much as 3.5 to 4.0% in the North (Wood Buffalo) and South (Lethbridge/Medicine Hat) and Fort McMurray, Red Deer and Calgary are seeing a surge in job losses. Edmonton is likely to see this key indicator grow as well, but only by 1.0%.
  5. Low oil prices will continue into 2017 when a potential slowdown in US production helps firm up the cost of a barrel. However, Mr. Rose was quick to point out that he doesn’t see the price of oil returning to the $100 mark and that the new normal would be between $50 and $80.
  6. While a slowdown is not typically ideal for any economy, Mr. Rose did point out that continued low interest rates and modest inflation pressures would contain cost escalation for capital projects and gives the city a chance to address infrastructure and services deficits and that now is perhaps as good as any time for investment in our future.

While I’m unqualified to make these types of predictions, I can say that what I am seeing in the Edmonton market and from conversation with our clients, these observations are accurate for now. A downturn in some sectors has been offset by activity in others and Edmonton remains, at least for now, a viable and prosperous city with excellent opportunities for professional contractors.