Alberta Economy

Alberta's Economic Outlook Darkening

CBC | Posted 02.10.2015 | Canada Alberta

CIBC is predicting Alberta’s economy will shrink by 0.3 per cent in 2015, as activity in the oilpatch dries up.

Prentice Outlines Where Albertans Will See Austerity Cuts

CP | Dean Bennett, The Canadian Press | Posted 01.23.2015 | Canada Alberta

EDMONTON - Premier Jim Prentice says with low oil prices knocking the legs out from under the Alberta economy, austerity will start at the top."We can...

Prentice Pans Talk Of Alberta Recession

CP | Lauren Krugel, The Canadian Press | Posted 01.17.2015 | Canada Alberta

CALGARY - Premier Jim Prentice is scoffing at a suggestion by the Conference Board of Canada that Alberta is likely to face a recession as crude price...

Alberta Facing Some Bad Times In 2015

The Canadian Press | Posted 01.13.2015 | Canada Alberta

The Conference Board of Canada says Alberta will likely face a recession this year due to the plunging price of oil. The economic think tank says A...

These Provinces Will Outgrow Alberta In 2015

CP | The Canadian Press | Posted 01.06.2015 | Canada Business

TORONTO - Falling oil prices will shift the balance of power among Canada's provinces this year, with Alberta expected to see its growth rate slashed ...

As Oil Prices Languish, What Will Prentice Do Next?

CP | Dean Bennett, The Canadian Press | Posted 01.02.2015 | Canada Alberta

EDMONTON - After one of the most tumultuous and bizarre years in the history of the Alberta legislature, there is talk that 2015 will see an encore wi...

Why Western Canada Has More Money, Jobs and Security Than the East

Mark Milke | Posted 02.13.2015 | Canada Politics
Mark Milke

Sort through the statistics and the surprise is how consistently Ontario and Quebec now mimic the weak economic opportunities in the Maritimes instead of the bright economic opportunities available in the West. There's no great mystery as to why. Provinces with substantial private sector investment -- something the West has attracted with pro-entrepreneur policies and by simply saying "yes" to resource extraction in specific -- end up with enhanced employment opportunities, higher incomes and better prospects to enjoy a middle-class lifestyle.

Alberta Wants Feds To Lift Cap On Immigrant Job Nominations

CP | John Cotter, The Canadian Press | Posted 02.07.2015 | Canada Alberta

EDMONTON - Alberta wants the federal government to lift the lid on the number of economic immigrants it can nominate each year for permanent residence...

Prentice's Path: Getty or Klein?

Charles Lammam | Posted 02.02.2015 | Canada Alberta
Charles Lammam

The key question for the new premier is: will he follow the lead of former Premier Don Getty--and raise taxes as both the premier and finance minister are hinting--or Ralph Klein, who controlled spending and reduced taxes? The answer will affect the fortunes of all Albertans.

Just How Screwed Will Alberta Be If Oil Prices Continue To Fall?

The Huffington Post Alberta | Michelle Butterfield | Posted 11.17.2014 | Canada Alberta

A slump in Alberta's crude oil prices means the province's economy is slowing down, and many want to know what the future holds. Todd Hirsch, chie...

Sliding Oil Prices Will Cost Ottawa Billions, ‘Re-Order' Economy

The Huffington Post Canada | Daniel Tencer | Posted 10.20.2014 | Canada Business

The steep drop in oil prices in recent months will cost Canada’s federal government as much as $3 billion in lost revenue, according to an analysis ...

Greenpeace's Hudema Takes Credit Without Offering Solutions

Cody Battershill | Posted 12.02.2014 | Canada Alberta
Cody Battershill

Hudema and his divisive Greenpeace organization are patting themselves on the back over the fact Norwegian giant Statoil and French brand Total just pulled billions of dollars in planned investment from Alberta's oilsands.

Yet Another Stunning Statistic About Alberta's Economy

The Huffington Post Canada | Daniel Tencer | Posted 09.10.2014 | Canada Business

Here’s some more data to highlight just how ridiculous the gap between Alberta’s economy and the rest of the country has grown. Combined, Quebe...

How Alberta Blew Through an Extra $41 Billion

Mark Milke | Posted 10.15.2014 | Canada Alberta
Mark Milke

Governments, like families, have choices. And governments, as with families, sometimes make picks that close off other options. Spend a lot of money on having dinner out every night and that might foreclose the purchase of a nicer automobile.

Look Who's About To Replace Quebec As 2nd-Largest Economy

The Huffington Post Canada | Daniel Tencer | Posted 07.23.2014 | Canada Business

If trends continue, Alberta will have a larger economy than Quebec within three years, according to estimates from financial news service Bloomberg. ...

This Is How Much Wealthier Commodity-Rich Provinces Are

The Huffington Post Canada | Daniel Tencer | Posted 07.08.2014 | Canada Business

Canada’s regional economic divide isn’t going anywhere, but it will narrow a little in the coming year thanks to slightly faster economic growth i...

3 Provinces Top The World In Economic Performance

CP | Julian Beltrame, The Canadian Press | Posted 07.15.2014 | Canada Business

OTTAWA - A new report from the Conference Board puts Canada's three oil rich provinces on top of the world in terms of economic performance.For the re...

Daniel Tencer

Everyone In This Country Now A Millionaire Thanks To Oil

HuffingtonPost.com | Daniel Tencer | Posted 01.06.2015 | Canada Business

Every man, woman and child in oil-rich Norway became a theoretical millionaire this week. The country’s oil fund — which collects taxes from oi...

What.. Albertans Worry?

The Huffington Post Alberta | Posted 05.16.2013 | Canada Alberta

Canadians aren't too optimistic about what the country's economic future holds, that is, unless those Canadians live in Alberta. The latest RBC Can...

Why Alberta Needs a Diversified Economy, and 3 Ways We Can Get There

Alex McBrien | Posted 05.07.2013 | Canada Alberta
Alex McBrien

The Alberta government is facing a deficit in the area of $4 billion. By now we have all heard the discussions regarding the recommended courses of action that the government should take to make sure that Alberta's finances get back into the black; reform Alberta's taxation system (although the budget saw no such reforms), cut government spending, and diversify Alberta's energy export markets.

Alberta's Real Economic Advantage

Diane Francis | Posted 05.04.2013 | Canada Business
Diane Francis

Albertans are unique because they don't occupy a parallel universe, living on other peoples' money. They live in the real world and the province's current fiscal deficit has sparked intelligent conversation.

Want a Sales Tax? Drop Another Tax

Mark Milke | Posted 04.19.2013 | Canada Alberta
Mark Milke

There might be a thousand reasons why people hate sales taxes. Here are three: First, they're visible; second, in Alberta, where no provincial sales tax exists, there is justifiable pride that people have escaped at least one tax applied elsewhere in Canada; third, many Albertans rightly fear that if a government introduced a new tax, it would be just another way to separate taxpayers from their money and to spend more and inefficiently so.

Who's Got The Worst Economy In Canada?

The Huffington Post Canada | Posted 11.20.2012 | Canada Business

The regional disparities in Canada’s economy continue to widen, with resource-rich provinces outgrowing the rest of the country by leaps and bounds,...

Unbridled Economy

CP | Lauren Krugel, The Canadian Press | Posted 09.06.2012 | Canada Business

CALGARY - There's a fierce competition in Calgary right now and it doesn't involve broncos or bullriders.Away from the rodeo, companies in the financi...

Not Hard To Guess Which Province Led Canada's Growth In 2011

CP | The Canadian Press | Posted 06.27.2012 | Canada Business

OTTAWA - Statistics Canada says Alberta led the country in economic growth in 2011, followed closely by Saskatchewan.The Canadian economy as a whole e...