Oil prices dip in Alberta while alcohol sales climb

Oil prices have dipped leading to hard times for thousands of Alberta families. Add to that the devastating wildfires in Fort McMurray that have destroyed homes and peoples’ livelihood and you have the perfect storm. All this seems to have driven more Albertans to drinking. Liquor sales are growing at a brisk pace and residents drown their sorrows.

Liquor stores in Alberta sold $2.5 billion worth of alcohol in 2014-2015 — a six-per-cent increase from the year before. It was also the largest yearly increase of any other province, according to ATB Financial economists Todd Hirsch and Nick Ford.

Last year beer sales totalled $1.1 billion, accounting for 43 per cent of alcohol sales in Alberta, up about five per cent from the previous year. – CINEWS

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