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5 Alberta industries that will benefit from the low dollar

The energy industry is cutting spending and laying off staff, but low oil and the low loonie is actually good for some parts of the Alberta economy.

With oil in retreat, and the dollar down, there will be some winners in Alberta.

The gravitational pull of the energy sector is strong.

When the price of oil is high, it attracts the capital, the people and the attention of policy makers. But, now with the price heading in the other direction and the Canadian dollar below 80 US cents, there's an opportunity for other industries.

Bruce Graham, CEO of Calgary Economic Development, says that is what he will focus on in the coming months.

"There are definitely other industries here, and that’s the starting point for local economic developers, making sure those companies that are growing are being serviced."

Click on the photogallery above for five Alberta industries that will benefit from the low dollar.

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