Wednesday, September 16, 2009

Spending now to save later.

There has been a lot of money changing hands this month in Edmonton. It is all good stuff too, which you can read about in the links below.
A new conference and exposition center, community health facility (a really BIG one) and a ramp up in infrastructure to name a few.

All of that creates strong short and long term jobs, which are great for kick-starting the economy.
The oilsands deal with China is pretty impressive to boot. I wouldn't say it pulls us out of a recession yet, but you can read the articles and decide for yourself.

Recession is over, says economist
By Mario Toneguzzi, Calgary Herald, September 12, 2009

Rising commodity prices will fuel modest economic growth in Alberta in the next two years as demand for energy grows in the world's emerging markets, says a national economist. Canada's recession is over and the country will lead all G-7 peers in economic growth next year, paced by Alberta's strong energy sector, said Benjamin Tal, senior economist with CIBC World Markets Inc.

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