Alberta needs a better deal from better neighbours

Quebec and B.C. are committing constitutional mutiny, preventing Alberta from developing solutions to being landlocked. It’s time for independence

Alberta needs a better deal from better neighboursWhen it comes to trading in markets beyond its boundaries, Alberta would have better options as an independent state than under the status quo currently blocking some of its resources. Alberta is landlocked and landlocked states depend on their neighbours for access to trading seaports. It’s the reason some people quip that an independent Alberta…

The sky’s the limit for helium industry

The sky’s the limit for helium industryNecessity was the mother of invention for Marlon McDougall. After 35 years in the oil and gas industry, McDougall was frustrated with the pressures of regulations, environmentalism, pipeline restrictions and the need for expensive technologies as more easily accessible reserves were depleted. Then, in 2019, he was approached to work with what’s been called “the…

Teck decision underscores investment crisis in Canada

There’s been a significant drop in investment across 10 of the 15 major sectors of the Canadian economy, and the federal government is to blame

Teck decision underscores investment crisis in CanadaBy Niels Veldhuis and Ashley Stedman The Fraser Institute Canada has massive investment potential. We have an abundance of natural resources, one of the most highly-educated populations in the world, and reside next to the world’s most successful economy. We’re also among the freest countries in the world, with freedom of religion, assembly, movement and…

Alberta throws a stick of dynamite into education system

Being tested and labelled at an early age can have a devastating effect on a child’s self-esteem and intellectual potential

Alberta throws a stick of dynamite into education systemIf Steve Bannon isn’t on the Alberta government’s payroll, he certainly is its muse. Bannon is the notorious former strategic adviser to U.S. President Donald Trump. His views on the benefits of disruption might well inform Premier Jason Kenney’s government tactics of mass disruption in many sectors. These include the most vital areas of health…

After a long economic winter, signs of warmth

After a long economic winter, signs of warmthAlberta has had a rough six years – to the point where we’re tired of hearing the bad news. Since oil prices collapsed in 2014, there has been a steady stream of downers about massive job losses, head offices hollowing out, and a lot of talent that we can’t afford to lose packing up and…

Natural resources GDP on the decline in Canada

Oil sands extraction declined largely because of shutdowns and maintenance of some production facilities. Crude oil extraction also falls

Natural resources GDP on the decline in CanadaThe natural resources sector in Canada continues to be challenged. A new report released Friday by Statistics Canada said real gross domestic product (GDP) of the natural resources sector fell 2.2 per cent in the third quarter, following a 2.8 per cent rise in the second quarter.  The federal agency said the decline was largely…

Low commodity prices weight on Prairie entrepreneurs

Limited cash flow also a concern for business owners when it comes to investing in their companies these days, according to BDC survey

Low commodity prices weight on Prairie entrepreneursMany Canadian entrepreneurs will continue investing in their companies in 2020 despite growing uncertainty about world economies. But business owners in the Prairies are the most pessimistic, mostly because of low commodity prices and limited cash flow, says the latest annual survey by BDC. The study on investment intentions found that entrepreneurs in the manufacturing…

Alberta government debt growth highest in the country

Alberta’s provincial per-person debt grew by 184 per cent, also the largest increase among the provinces by a wide margin

Alberta government debt growth highest in the countryAlberta government debt more than doubled since the year before the recession in 2007/2008, says public policy think tank the Fraser Institute. It's the largest increase among all provinces in that time period.  “The Alberta government’s chronic deficits over more than a decade have built a mountain of debt,” Jake Fuss, economist at the Fraser…

Manufacturing a key driver of Alberta economy

Total annual revenue was up 7.1 per cent in 2018 compared to 2017, reaching $80.4 billion, but still four per cent below peak set in 2014

Manufacturing a key driver of Alberta economyJust how important is the manufacturing sector to Alberta’s overall economy? Some data released by Statistics Canada recently indicates it is a vital source of jobs for the province and a key in growing the economy. “Zeroing in on Alberta, the sector’s total annual revenue was up 7.1 per cent in 2018 compared to 2017,…

Cenovus Energy targets 30% decrease in emissions

Also plans $1.5 billion of additional spending with Indigenous businesses and reclaim 1,500 decommissioned well sites

Cenovus Energy targets 30% decrease in emissionsCenovus Energy announced Thursday it is aiming to reduce its emissions intensity by 30 per cent by 2030. It also plans to achieve a minimum of $1.5 billion of additional spending with Indigenous businesses, reclaim 1,500 decommissioned well sites and complete $40 million of caribou habitat restoration work. “Our environmental practices, low-emissions oil sands operations…
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