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1. What a difference a decade can make—southwestern Ontario’s sobering lesson for Alberta

   At the start of this century, southwestern Ontario was among the most prosperous regions in Canada. With a strong manufacturing sector, there were plenty of good high-paying jobs. In the following years, the regional economy was battered ...

2. Alberta’s historic budget deficit underscores daunting fiscal challenges

   The Kenney government Thursday released a fiscal update, which includes a historic $24.2 billion budget deficit, highlighting the significant impact the COVID recession has had on Alberta’s already troubling finances. To address these ...

3. Alberta facing possible third recession in a little more than a decade

   It’s no secret that Albertans have suffered a great deal of economic pain in recent years. Sharp recessions that began in 2009 and 2015 caused unemployment and hardship across the province. Although Alberta experienced a strong recovery ...

4. The investment exodus from Alberta continues

   As a recent article in the Financial Post documents, the exodus of foreign capital from Canada’s energy industry is continuing apace. In addition to Kinder Morgan: Other recent major exits include ConocoPhillips’ US$13.2 billion sale of ...

5. A disappointing jobs report for Alberta

   This week, Statistics Canada published its national jobs report. Some provinces saw good news. Unfortunately, Alberta, showing 16,000 fewer jobs (mostly full time), was not one of them. This is the second month in a row of substantial ...

6. Government policy in 2019, particularly in Ottawa, will be crucial to resolving export constraints

   Albertans came into 2018 hoping for a continuation—or acceleration—of the province’s fragile economic recovery. With the province lingering below its pre-recession private-sector employment levels, economic growth is crucial to putting ...

7. Decline in federal tax revenue highlights importance of a strong Alberta

   A recent Globe and Mail feature revealed that federal personal income tax revenue declined by nearly $5 billion between 2015 and 2016. According to subsequent analysis by University of Calgary economist Lindsay Tedds, an eye-popping 97 ...

8. Alberta deficit hit $8 billion despite improving resource revenues

   The Government of Alberta released its 2017/18 annual report Thursday, closing the book on the 2017/18 fiscal year. According to the report, the deficit for the fiscal year turned out to be $2.5 billion less than initially anticipated ...

9. The oil investment exodus out of Canada

   A recent report by ARC Financial Corporation notes that investment spending in the oil and gas sector has been reduced to “legacy spending,” with nominal capital expenditures for conventional oil producers as low as it was in the mid ...

10. Four reasons why Alberta’s vague balance budget plan may fall short

    Last month, when Finance Minister Joe Ceci unveiled Alberta’s 2018 budget, despite weeks stoking expectations of a detailed plan to eliminate the province’s budget deficit, he instead delivered a risky plan almost entirely reliant on ...