darwink
Senior Member
Agglomeration economies for certain industries is one (oil and gas being resilient in Calgary vs Ottawa losing the spot of preeminence to Waterloo). The common view in the early 80s was not that peak oil was coming, but that it was here, and oil was going to be rare very soon.I don’t know exactly what the reasons are for Calgary’s success but the predictions certainly didn’t pan out.
I think we can't discount the benefits of Banff providing a baseline in O&D for the airport, and whether connected directly or not, the spinoffs from having PWA then Canadian, then WestJet HQ'd in Calgary. Having more flights, and more diverse destinations helps aggregate all sorts of different HQs and branch operations which provide services along the network.