Alberta Business Calendar: Mr. Poloz comes to town

Bank of Canada governor Stephen Poloz comes to Calgary this week to talk about riding the commodity cycle. His audience is well familiar with that particular ride, which is making the province's economy a bit nauseated.

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Poloz described the Canadian economy as atrocious in the first quarter of the year, in large part because the drop in oil prices caused an economic shock that rippled across the country, one that ultimately pushed Canada into recession in the first half of the year.

Canada's central banker will be in Calgary on Sept.21to talk about the effect the resource sector has on the Canadian economy, as part of Calgary Economic Development's economic outlook for 2016.

At the forecast event in 2014, oil prices had started to fall, but the expectation then was for oil to hover around $80 US in 2015.

Things didn't exactly unfold that way and there's a growing group of oil executives and analysts who expect the price of oil stay lower for longer.

That will make this forecasting event somewhat less optimistic.

ATB Financial chief economist Todd Hirsch will also unveil his outlook for Alberta, and Conference Board of Canada chief economist Glen Hodgson will do the same for the country as a whole.

The real focus will be on Stephen Poloz, who will need to exercise caution because of the federal election campaign, but has a colourful way of speaking for a central bankerand the power to move markets with his words.