Study says Alberta has one-third of Canada's billion-dollar firms

EDMONTON – A study out of Montreal is showing Alberta is the home to about one-third of billion-dollar companies in Canada.

Pierre Cleroux of the Business Development Bank of Canada says he believes it isn’t just about where the resources are.

He says some of the growth is in energy, but other contributing sectors include transportation, telecommunications, real estate and the service industry.

He says many people in Alberta have the talent and ability to grow business.

Four of the 52 billion-dollar firms in Alberta are located in Edmonton.

Ontario is the leading province with 55 billion-dollar firms.