Alberta plays huge role in keeping federal deficit down: report

Even in the depths of recession, the province sent Ottawa $92 billion more than it received between 2014 and 2017: Fraser Institute

Alberta plays huge role in keeping federal deficit down: reportThe federal government’s deficit in 2017 would have reached a staggering $39 billion – instead of the $19 billion recorded – if not for the disproportionate net revenue contributions from Alberta, according to a new study released Thursday by the Fraser Institute. The study, How Albertans Continue to keep Federal Finances Afloat, said that between…

Alberta’s new government should cut energy sector taxes, rules

UCP promised to regain a competitive advantage, making the province attractive again for investors, entrepreneurs and businesses

Alberta’s new government should cut energy sector taxes, rulesBy Ashley Stedman and Elmira Aliakbari The Fraser Institute Albertans opted for change in last month’s provincial election. Now it’s time for the new government to do what it was elected to do: improve the economy. The United Conservative Party promised during the campaign to regain a competitive advantage over other jurisdictions and make the…

Carbon tax gap significant between Alberta and Quebec: report

Montreal Economic Institute says policy and layers of taxes are crippling Canada's oil and gas industry

Carbon tax gap significant between Alberta and Quebec: reportThe Montreal Economic Institute, an independent public policy think-tank, says Alberta’s $30 carbon tax is around 50 per cent higher than the rate in place in Quebec, as a result of the latter province’s cap-and-trade system. MEI has just published a research paper, The Cumulative Impact of Harmful Policies – The Case of Oil and…

Alberta to pay a higher carbon tax than Quebec

Liberals “backstop” carbon-tax will lead to $30 a tonne next year for Alberta, 50% higher than the rate currently in place in Quebec

Alberta to pay a higher carbon tax than QuebecBy Jean Michaud and Germain Belzile Montreal Economic Institute New Alberta Premier Jason Kenney has vowed to repeal the provincial carbon levy implemented by the previous NDP government. That tax began in 2017 at $20 a tonne and rose to $30 a tonne before the NDP froze it in protest to delays over the Trans…

Malika Rajani puts the accent on high style and quality

Leather and outerwear designer is making an impact internationally with her edgy creations

Malika Rajani puts the accent on high style and qualityMalika Rajani is founder and creative director of Malika Rajani - Leather and Outerwear. Tell me about your business and what you do? Rajani: I’m an independent Canadian fashion designer. I started my namesake outerwear line after graduating from Parsons School of Design in New York City. I specialize in leather and wool and cashmere…

Lack of pipeline costs energy sector $20.6 billion in revenue

Fraser Institute report says overdependence on American market is hammering the Canadian oil industry

Just how important is market access and lack of pipeline capacity to the Canadian economy? A report released on Tuesday by the Fraser Institute, a Canadian public policy think-tank, said the issue is driving down the price of Canadian oil, costing the country’s energy sector $20.6 billion in lost revenues last year. “Without sufficient pipelines…

Modular home maker aims to be world beater

The resource price crash of 2014 forced Horizon North to turn its old business model on its head

Modular home maker aims to be world beaterA high-end home built by an oil-and-gas logistics company? Now, that’s disruptive technology at work. Disruption is a way of life now for Horizon North, a company that has had to be exceptionally nimble after the resource price crash of 2014 turned its old business model on its head. Created as a spinoff from Mullen…

12,500 jobs at risk in Canada’s oilpatch in 2019

Alberta will be hit the hardest, with 9,600 more jobs expected to disappear

12,500 jobs at risk in Canada’s oilpatch in 2019Some sobering news out on Monday about jobs in the struggling oilpatch. The 2019 Labour Market Update by the PetroLMI division of Energy Safety Canada indicates about 12,500 jobs are at risk this year due to several factors including low commodity prices, a decline in capital spending and continued uncertainty over market access. And Alberta,…

Albertans over contribute to Canada Pension Plan

Alberta paid $27.9 billion more into the Canada Pension Plan than what they received in CPP payments over the past 10 years.

Albertans over contribute to Canada Pension PlanA report from the Fraser Institute says Alberta workers paid $27.9 billion into the Canada Pension Plan over and above what retirees in the province received in CPP payments over the past 10-year period. The report - Albertans Make Disproportionate Contributions to National Programs: The Canada Pension Plan as a Case Study - released Wednesday…

Creating the right environment for real estate success

Shami Sandhu talks about what makes Realty ONE Group different and why those differences work well for buyers and agents

Creating the right environment for real estate successShami Sandhu is president and regional director of Realty ONE Group of Western Canada. What is the Realty ONE Group and what do you do? Sandhu: Realty ONE Group is a full-service lifestyle real estate brand that has experienced rapid growth since Kuba Jewgieniew started the company in 2005. Unlike existing traditional models, we don’t…