Edmonton makes World’s Best Cities Top 100 list for 1st time - "For the first time, Edmonton has found itself on a list ranking the best cities in the world.
Edmonton came in at No. 60 on the World’s Best Cities 2018 list, which is compiled by global consulting firm Resonance Consultancy.
The Top 100 cities are chosen based on six key categories: place, product, programming, people, prosperity and promotion.
Edmonton scored higher in the people, place and prosperity categories, while falling short on the remaining three criteria." Read more
Red ink rising: Economic experts spar over solutions to Alberta's growing debt - "Call it the battle of the bottom line, a red ink rumble sure to take centre stage leading up to Alberta’s next provincial election.
Alberta’s finance minister insists the province has the best balance sheet in the country and is sticking with a plan to balance the budget by 2024. But critics paint a far bleaker picture, arguing the NDP is crippling Alberta’s economy through a muddled strategy that won’t effectively address its ballooning debt.
Government estimates — projecting debt to reach $71.1 billion in three years — could be the best-case scenario, says a recent report by the University of Calgary’s School of Public Policy.
Penned by former Saskatchewan finance minister Janice MacKinnon and economist Jack Mintz, the report suggests Alberta’s March budget was based on “optimistic assumptions” about the price of oil.
The province pegged oil at US$68 per barrel by 2020, considerably higher than the Moody’s Investors Service forecast of US$40 to US$60 per barrel. West Texas Intermediate closed last week at US$55.64." Read More
Made-in-Alberta action plan unveiled to protect 7,000 oil and gas jobs - "Canada’s leading oil and gas industry lobby group says a “made-in-Alberta solution” to reduce methane emissions rather than proposed federal regulations could mitigate the number of job losses in the province over the coming decade.
Canadian Association of Petroleum Producers president and CEO Tim McMillan said even though its five-point plan released Monday would still cost the oil and gas industry $700 million over eight years, it would protect 7,000 jobs, inject $710 million in capital and boost the province’s gross domestic product by $2.5 billion.
The plan, which MacMillan dubbed as the “most cost-effective, but also the most jobs effective” way of meeting reduction goals, centres on the province and industry working collaboratively to create an equivalency agreement with the federal government." Read More
Showing posts with label Alberta under the NDP. Show all posts
Showing posts with label Alberta under the NDP. Show all posts
Tuesday, November 21, 2017
Friday, March 17, 2017
Alberta's Budget
Varcoe: Good, bad and way too much ugly in new Alberta budget - The flip side of this inaction means a $10.3-billion deficit this year. Meanwhile, debt is expected to hit $45 billion in this new budget year and escalate to $71 billion by 2019-2020. Read it HERE
Trudeau Cabinet Approves Trans Mountain, Line 3 pipelines, rejects Northern Gateway - "That is less economic, and more dangerous for communities, and is higher in terms of greenhouse gas emissions than modern pipelines would be." Read More Here
Winners and losers in Alberta’s 2017 budget - Winners and losers listed here
Trudeau Cabinet Approves Trans Mountain, Line 3 pipelines, rejects Northern Gateway - "That is less economic, and more dangerous for communities, and is higher in terms of greenhouse gas emissions than modern pipelines would be." Read More Here
Winners and losers in Alberta’s 2017 budget - Winners and losers listed here
Monday, January 30, 2017
A united front in Alberta
Saskatchewan Premier Brad Wall watching potential Alberta merger - "But their proposals have a marked difference. Kenney's five-point plan sees a new party rise from nothing, whereas Jean wants a united conservative front using the Wildrose Party's legal entity as a base.
There's not enough time to create something out of nothing, Jean says, echoing the arguments against Kenney's plan made by PC leadership hopefuls Richard Starke and Byron Nelson.
In 1997, the Saskatchewan Party had nothing — no support base, no constituency associations and, most importantly, no cash.
At nightly town hall meetings across the province, MLAs would try to sell memberships and get people involved as volunteers or potential candidates.
Although Kenney insists the question of transferring money between parties in Alberta is up for debate, the province's chief electoral officer, Glen Resler, says it's not allowed.
That would leave a new party starting from scratch, hoping it can raise enough money to effectively contest the 2019 election.
For Jean, the risks are untenable.
Wildrose raised $2 million last year, saving a large chunk of it in a war chest for the next election.
Dissolving the party would mean giving that back to donors or, worse, the government. It would also mean surrendering assets including every single computer, giving up leases and getting rid of staff.
"The idea of blowing up both parties and starting a new one is, in my opinion, very, very dangerous," Jean said.
He insists his plan would allow a united conservative force to hit the ground running, and eliminates the risk of a party in disarray if Premier Rachel Notley calls a snap election." Read full article
There's not enough time to create something out of nothing, Jean says, echoing the arguments against Kenney's plan made by PC leadership hopefuls Richard Starke and Byron Nelson.
In 1997, the Saskatchewan Party had nothing — no support base, no constituency associations and, most importantly, no cash.
At nightly town hall meetings across the province, MLAs would try to sell memberships and get people involved as volunteers or potential candidates.
Although Kenney insists the question of transferring money between parties in Alberta is up for debate, the province's chief electoral officer, Glen Resler, says it's not allowed.
That would leave a new party starting from scratch, hoping it can raise enough money to effectively contest the 2019 election.
For Jean, the risks are untenable.
Wildrose raised $2 million last year, saving a large chunk of it in a war chest for the next election.
Dissolving the party would mean giving that back to donors or, worse, the government. It would also mean surrendering assets including every single computer, giving up leases and getting rid of staff.
"The idea of blowing up both parties and starting a new one is, in my opinion, very, very dangerous," Jean said.
He insists his plan would allow a united conservative force to hit the ground running, and eliminates the risk of a party in disarray if Premier Rachel Notley calls a snap election." Read full article
Monday, September 19, 2016
"Don(na) Notley" and her windmills
At a cost of $10.5 Billion and bringing a whopping 7200 jobs. The windmills of Alberta seem set to waft a bad smell around the province.
"On Wednesday, NDP Environment Minister Shannon Phillips announced a plan to build 5,000 megawatts of additional “green” energy capacity in Alberta by 2030.
Be prepared to dig really deep into your pockets for this one. If the NDP are able to achieve this goal, it will only be because much of the $10.5-billion price tag is squeezed out of taxpayers." Read full article here
Can't wait to pay for this initiative and hopefully it produces more than the 4% of energy that Europe gets.
"On Wednesday, NDP Environment Minister Shannon Phillips announced a plan to build 5,000 megawatts of additional “green” energy capacity in Alberta by 2030.
Be prepared to dig really deep into your pockets for this one. If the NDP are able to achieve this goal, it will only be because much of the $10.5-billion price tag is squeezed out of taxpayers." Read full article here
Can't wait to pay for this initiative and hopefully it produces more than the 4% of energy that Europe gets.
Wednesday, January 20, 2016
This and That January 2016
There is a big downturn coming but it will turn around eventually - "We need to take a much more aggressive stance and make sure this industry, which has been our bread and butter in this province for so long, needs to continue to be invested in and be competitive at those lower prices," (Edmonton Economic Development Corporation CEO Brad Ferguson) said, adding even if oil ends up at less than $20 a barrel, it still promises to be a money-maker for provincial coffers." Read HERE
Notley rethinking the budget to create jobs and stability for Albertans. There is a great video here too of Brad Ferguson - JUMP
Yes unemployment is rising, housing prices are dropping. It's to be expected. For investors the question is how to make this an opportunity for you - HERE
Liberals looking at Alberta because a weak Alberta is a weak Canada - HERE
Notley rethinking the budget to create jobs and stability for Albertans. There is a great video here too of Brad Ferguson - JUMP
Yes unemployment is rising, housing prices are dropping. It's to be expected. For investors the question is how to make this an opportunity for you - HERE
Liberals looking at Alberta because a weak Alberta is a weak Canada - HERE
Tuesday, July 14, 2015
July This and That
If you haven't been downtown Edmonton in a while you should take a look. We counted more than 5 cranes working in the downtown core. The changes are exhilarating albeit frustrating for driving.
The most spectacular is the new arena and the Ice District - here is an amusing video from Edmonton Journal about the name "Ice District" not quite sure about the Romulan comparison.
If you think were you live is bad take a look at this JUMP (If your place is worse you need to move)
Oil prices are falling and the NDP aren't going to make any Rae like mistakes in Alberta.
The most spectacular is the new arena and the Ice District - here is an amusing video from Edmonton Journal about the name "Ice District" not quite sure about the Romulan comparison.
If you think were you live is bad take a look at this JUMP (If your place is worse you need to move)
Oil prices are falling and the NDP aren't going to make any Rae like mistakes in Alberta.
Monday, June 29, 2015
Alberta Economy Fair or Fear?
I see both sides. Of course I want employees to make a livable wage. It can only be good for the economy right? But what if the minimum wage increases 47% in 3 years. Seems a bit of a burden for business owners. It looks like the increase will start October 1, 2015 at $1.00.
"It’s madness to believe that putting such a burden on businesses and non-profits won’t have an impact. Economists normally argue that minimum-wage increases don’t cause a rise in unemployment, because most minimum-wage earners (52 per cent of them in Alberta) are young people working part-time in service industries and going to school. No one else wants the work, especially in strong economies. Service industries, such as the fast-food business, just keep hiring and pass the expense on to customers." Read more
Here is the argument for a $15 minimum wage. I enjoy the comments below. Especially this:
"Exactly. I too am a business owner. I pay entry level 12 dollars per hour now and their supervisor draws 17 per hour. If I have to give me entry level people 15 then I have to give the supervisor 20 or 22. And up it goes, add to that CPP, EI, etc. etc........"
Hopefully this means less defaults on rentals.
Where did Chinese investment go? Read more
Is Capital Expenditure leaving Alberta? Jump
"It’s madness to believe that putting such a burden on businesses and non-profits won’t have an impact. Economists normally argue that minimum-wage increases don’t cause a rise in unemployment, because most minimum-wage earners (52 per cent of them in Alberta) are young people working part-time in service industries and going to school. No one else wants the work, especially in strong economies. Service industries, such as the fast-food business, just keep hiring and pass the expense on to customers." Read more
Here is the argument for a $15 minimum wage. I enjoy the comments below. Especially this:
"Exactly. I too am a business owner. I pay entry level 12 dollars per hour now and their supervisor draws 17 per hour. If I have to give me entry level people 15 then I have to give the supervisor 20 or 22. And up it goes, add to that CPP, EI, etc. etc........"
Hopefully this means less defaults on rentals.
Where did Chinese investment go? Read more
Is Capital Expenditure leaving Alberta? Jump
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