alberta economy

3:00AM
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The federal government may speed up spending on infrastructure projects in Alberta and Saskatchewan.


1:59PM
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The provincial government introduced numerous tax increases, essentially ending Alberta’s tax advantage relative to key competing jurisdictions.


2:04PM
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The real culprit for Alberta’s fiscal problems—and ultimately the recent credit downgrade—is several years of rapid spending growth by successive governments.


3:53PM
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The recent elections in Alberta and federally in Canada have elected governments that appear dedicated to increasing government’s interference in the economy.


11:00AM
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In its recent Speech from the Throne, the new Alberta government reiterated its plans to make life more expensive in Alberta.


10:00AM
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Alberta’s economy is still on shaky ground as oil prices remain depressed relative to last year’s levels.


8:00AM
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In a famous explanation of why voters choose the governments they do, a 1990s-era adviser to Bill Clinton remarked, “It’s the economy, stupid.” That’s not wholly accurate; voters toss parties out (and vote parties in) on matters other than unemployment rates and incomes. The recent Alberta election is only the most obvious example.


10:00AM
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With oil prices plunging and provincial resource revenues expected to drop, Alberta’s red ink will rise. In response, Premier Jim Prentice has floated the notion of a provincial sales tax and/or hikes in other taxes.


10:00AM
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There is a prominent view among some in Alberta’s provincial government and elsewhere in the province that believes booms and busts in government finances are a result of the province’s large energy sector.