$1:
"We've actually seen Alberta's economy post a modest rebound in 2017 and that comes after, of course, the two nasty years of recession," Todd Hirsch, chief economist at ATB Financial, told CBC Calgary.
It's too soon to rule out a classic "Dead Cat Bounce".
Now if Alberta (or anywhere else in Canada) had some extra refinery capability to pick up the slack for all the Texas and Louisiana refineries that are offline I'd say different.
But for now I'd be more cautious than optimistic and would attribute this increase to the more usual sources of pent-up demand and people taking advantage of recession-depressed prices to snap up some deals.