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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 ...
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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 ...
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Alberta private sector improving but government finances remain in bad shape
Dave Mowat, president of ATB Financial, said recently that Alberta’s economy was “turning the corner” after a difficult year in 2016. His comment came as the Crown Corporation released its financial results for the past fiscal year. ...
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Saskatchewan has a plan to balance its budget, Alberta doesn’t
Appeared in the Calgary Sun, March 27, 2017 Alberta and Saskatchewan are energy-rich jurisdictions that fell on hard times as commodity prices fell. And both jurisdictions face significant fiscal challenges, with large budget deficits and substantial debt ...
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Spending growth by successive Alberta governments primary reason for big deficit
Albertans are well aware that their provincial government is set to run a budget deficit this year that may exceed $10 billion. Many may assume this is simply due to a decline in government revenue, driven by lower resource prices. But ...
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Dear Minister Ceci, when you’re in a hole, stop digging
Finance Minister Joe Ceci (pictured above) released Alberta’s Second Quarter Fiscal Update this week, confirming that the province’s budget deficit this year will be even bigger than forecasted in his spring budget. While the budget ...