Between 2004 and 2014, Alberta created more than 350,000 jobs.
The federal government will send $21.1 billion to Ontario this year.
Ontario and Quebec now receive approximately 70 per cent of all equalization payments.
In Ontario, federal transfers increased by 87.8 per cent over 10-year period.
In a year when two heavyweight provinces, Ontario and Alberta, which together constitute 55 per cent of Canada’s GDP, are running substantial deficits, there are three ways to reduce the red ink.
With the plunge in oil prices over the last six months (and already soft natural gas prices), it’s not headline news to note that provinces heavily dependent on energy-related revenues are suffering.
Asking for more money is common among municipal officials. Despite soaring transfers from higher level governments, municipalities repeatedly claim they need more because their revenue sources lack growth potential.