Calgary's Accounting Sector Sees Robust Growth Amidst National Slowdown
Calgary’s accounting and financial services sector demonstrated robust performance in 2024, reporting a significant $30.3 billion in operating revenue. This marks a 7.3% increase from 2023, showcasing the sector’s enduring strength despite a broader national economic slowdown where GDP growth stood at 1.6%. While slightly below the previous year's 10.8% rise, the sustained growth highlights the sector's resilience and crucial role in the local economy, maintaining strong momentum compared to pre-pandemic levels.
The city continues to solidify its position as Western Canada's business hub and a rising global financial centre, attracting a high concentration of corporate head offices. This robust environment has been a catalyst for innovation, particularly in the fintech space, with Calgary recognized as a significant hub for financial technology firms. This ongoing expansion within financial services contributes meaningfully to Alberta’s economic diversification efforts, attracting highly skilled talent and creating opportunities beyond traditional resource sectors. The demand for skilled professionals, particularly CPAs adept in forecasting and data analytics, remains high, underscoring the sector’s continued growth trajectory in Calgary.
