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Alberta boasts the best rate of entrepreneurship in the country, according to a new report that forecasts it could grow higher as laid-off workers seek new opportunities.

The 2014 Global Entrepreneurship Monitor Canada Report — issued by Calgary-based The Centre for Innovation Studies — said total early stage entrepreneurship — people actively preparing new ventures and those with businesses under three-and-a-half years old — is 18.1 per cent in Alberta and 13 per cent nationally. The rate reflects the percentage of the adult population involved in startup activities.

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Peter Josty, executive director of The Centre for Innovation Studies, said it’s somewhat surprising a province with one of the country’s lowest unemployment rates would have the highest rate of entrepreneurship.

“One correlation we do find is between the wealth of each province, measured by gross domestic product per capita, and the rate of entrepreneurship,” he said.