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New $170 carbon tax will hit Albertans hard
Due to the higher tax, the province will lose an estimated 30,544 jobs by 2030. ...
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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 ...
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Alberta key reason for Canada’s pre-COVID fiscal strength
Appeared in the Edmonton Sun, November 25, 2020 During COVID and the recession, the Trudeau government has been racking up debt at a record pace. Many analysts have raised concerns about the speed of this debt accumulation. Key members of the government, ...
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Massive budget deficit means Kenney government must further reduce spending
Appeared in the Edmonton Sun, August 28, 2020 The Kenney government Thursday released a fiscal update, which includes a massive budget deficit of $24.2 billion in 2020/21, more than triple the pre-recession forecast of $6.8 billion. While the COVID ...
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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 ...
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Canada still relies on its wounded golden goose
Appeared in the Calgary Sun, April 29, 2020 Albertans have suffered tremendous economic pain in recent years. Steep recessions in 2009 and 2015/2016 (which was among the worst recessions in provincial history) rocked the province and the recovery has been ...
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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 ...
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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 ...
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Lessons from the Lone Star State: Comparing the Economic Performance of Alberta and Texas
This bulletin compares the economic and fiscal performance of the Canadian province of Alberta and the American state of Texas in recent years and provides a brief discussion of how different policy choices may be contributing to the divergent ...
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Kenney government can learn deficit-reduction dos and don’ts from Canadian history
Appeared in the Edmonton Sun, June 19, 2019 As the new UCP government prepares its first budget, it should heed the lessons of Canadian history and move to eliminate the province’s budget deficit quickly rather than take the “slow and steady” approach ...