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Trans Mountain—socializing costs is not the answer
Last week, the Trudeau government did what innumerable governments do when they become frustrated over failure to achieve a political aspiration—they throw money at it. Federal Finance Minister Bill Morneau (pictured above) announced, ...
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The high cost of getting climate policy wrong
The Internet is abuzz over a recent report by the Parliamentary Budget Office (PBO) that shines some light on the potential impact of the federal carbon tax plan on Canada’s economy. Specifically, the report shows that the carbon price ...
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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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A defining moment for Canada
A meeting this Sunday in Ottawa between Prime Minister Justin Trudeau, Alberta Premier Rachel Notley and B.C. Premier John Horgan may help influence Canada’s investment potential for years—perhaps decades—to come. The recent postponement ...
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Surprise—Alberta’s government debt burden is approaching Quebec’s
The recent provincial budgets released by the Quebec and Alberta governments are a study in contrasts of government debt. On one hand, Quebec has a high-debt government that’s aiming to reduce its debt burden. On the other hand, Alberta ...
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B.C.-Alberta pipeline war imbued with environmental hypocrisy
Last week, in the latest skirmish in the British Columbia-Alberta pipeline wars, B.C. Premier John Horgan (pictured above) responded to an Alberta threat to turn-off the oil taps to B.C. (thus hiking gas prices in his province) by saying ...
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Alberta’s 2018 budget—a breathtaking exercise in complacency
Yesterday, the Alberta government released its budget for the 2018/19 fiscal year. The document is essentially a status quo budget, which promises continued nominal spending growth over the rest of its fiscal plan (though more moderate ...
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Premier Notley and pipelines—better late than never
One must give credit where credit is due, and Alberta Premier Rachel Notley’s evolution on pipelines is due some credit. She fired a warning shot with the short-lived British Columbia wine embargo, but is unlimbering some far heavier ...
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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 ...