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In 1884, the HBC established a sales shop in Calgary.

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.

This transition culminated in the city hosting Canada's first Winter Olympics in 1988. 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.

It is situated at the confluence of the Bow River and the Elbow River in the south of the province, in an area of foothills and prairie, about 80 km (50 mi) east of the front ranges of the Canadian Rockies.

The city anchors the south end of what Statistics Canada defines as the "Calgary–Edmonton Corridor".

Already a transportation and distribution hub, Calgary quickly became the centre of Canada's cattle marketing and meatpacking industries.