The Alberta Securities Commission’s (ASC’s) 2024 Alberta Capital Market report is now available on the ASC website.
According to the report, Alberta continues to be one of Canada’s most important capital markets, representing $723 billion in market capitalization as of December 31, 2023. Oil and gas and related utilities and pipelines industries continue to play a critical role in our province’s economy, representing 78 per cent of the market capitalization of Alberta issuers in 2023.
Although traditional industries remain strong, the market in the province is diversifying. Over the past year, the amount of capital raised by Alberta issuers in select emerging industries, such as alternative energy, clean technology and financial services, increased from $3.5 billion in 2022 to $3.9 billion in 2023.
Learn more about the province’s capital market in 2023.
