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Equalization isn’t meant to help with economic downturns
A lot of recent discussion about equalization —which may be moot since the program has just been renewed for five years—has focused on how it hasn’t helped Alberta through its recent difficult patch and also hasn’t helped other regions ...
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Canadian household debt concerns are overblown
Once again, alarms are sounding about the level of household debt in Canada. A recent Financial Post story highlighted reports by both Equifax Canada and the Swiss-based Bank of International Settlements (BIS) about the growing household ...
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U.S. invites new oil and gas investment while Canada lags behind
Last week, America’s oil and gas sector received good news on the investment front. Pembina Pipeline Corp’s CEO Mick Dilger said that the next “game-changing” project could be in the United States, not Canada. He’s referring to the ...
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Canada’s federal deficits would be much worse without Alberta
The prevailing narrative surrounding the post-2008 recovery in Canada is that the country weathered the storm significantly better than the United States, and has emerged in relatively strong fiscal shape (though certainly not unscathed) ...