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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 ...
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Things are looking better for Canadian oil and gas
Statistics Canada has some good news for anyone interested in the health of Canada’s oil and gas industry. Canadian oil production is nearly at full capacity, and natural gas is also showing solid growth compared to last year at this ...
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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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Changing equalization won’t be easy—partly for good reason
You hear a lot these days about reforming equalization. If Jason Kenney’s United Conservative Party wins the next Alberta election, you’ll likely hear more. As it is, Saskatchewan has already put a reform proposal on the table: keep ...
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Pembina’s renewable revolution requires a rethink
Recently, Binnu Jeyakumar, director of the Pembina Institute’s electricity program, published an article in the Edmonton Journal, essentially claiming that the renewable power revolution in Alberta is nigh, and exhorting everyone to get ...
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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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Another wake-up call for Canadian governments to improve investment climate
Suncor, one of the country’s largest energy companies, recently gave Canadian governments what should be a piercing wake-up call. CEO Steve Williams said his company won’t tackle any new major projects in Canada and his company will ...
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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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In Alberta’s wine war with B.C., I’m siding with Australia
B.C. premier John Horgan threatens to delay the Kinder Morgan pipeline expansion yet again so Alberta premier Rachel Notley cancels Alberta’s purchases of B.C. wine, at least those that take place through the Alberta Gaming and Liquor ...
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Ottawa should uphold the Constitution and create a true economic union
While we have just celebrated the 150th anniversary of Confederation, the Canadian economic union is still nowhere near what was originally envisioned by the founders of the Canadian federation. Among the objectives of Confederation were ...