Nose Creek flows into Calgary from the northwest then south to join the Bow River several kilometres east of the Elbow-Bow confluence. Fish Creek flows into Calgary from the southwest and converges with the Bow River near McKenzie Towne. Thanks in part to escalating oil prices, the economy in Calgary and Alberta was booming until the end of 2009, and the region of nearly 1.1 million people was home to the fastest growing economy in the country. While the oil and gas industry comprise an important part of the economy, the city has invested a great deal into other areas such as tourism and high-tech manufacturing. Over 3.1 million people now visit the city annually for its many festivals and attractions, especially the Calgary Stampede. The nearby mountain resort towns of Banff, Lake Louise, and Canmore are also becoming increasingly popular with tourists, and are bringing people into Calgary as a result.
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A climate emergency declaration is a resolution passed by a governing body such as a city council. It puts the local government on record in support of emergency action to respond to climate change, and recognizes the pace and scale of action needed. Thunderstorms can be frequent and sometimes severe with most of them occurring in the summer months.
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Other modern industries include light manufacturing, high-tech, film, e-commerce, transportation, and services. Calgarians were enthusiastic to invest in new oil companies, with many losing life savings during the short 1914 boom in hastily formed companies. Outbreak of the First World War further dampened the oil craze as more men and resources left for Europe and agricultural prices for wheat and cattle increased. Turner Valley’s oil fields would boom again in 1924 and 1936, and by the Second World War the Turner Valley oilfield was producing more than 95 per cent of the oil in Canada. However the city would wait until 1947 for Leduc No. 1 to definitively shift Calgary to an oil and gas city. While Edmonton would see significant population and economic growth with the Leduc discovery, many corporate offices established in Calgary after Turner Valley refused to relocate north.
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