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>> On the bright side, it is opening up some long-overdue political dialogue. For example diversification of the Alberta economy away from natural resources. A
by jlos 10y ago
>> On the bright side, it is opening up some long-overdue political dialogue. For example diversification of the Alberta economy away from natural resources.
As far as I know, Alberta's provincial government hasn't prevented growth in other sectors. Natural resources have made a lot of sense, giving their abundance here. And despite the roller coaster ride of natural resources, the province's finances are some of the healthiest in the entire country:
- Lowest Debt-GDP ratio in the country (-1.2% for Alberta, compared with 39.6% in Ontario and 49.6% in Quebec)
- No Provincial Sales Tax
- 3rd highest spending per capita, next to SK and NL (30% higher than Ontario and 43% higher than Quebec)
- GDP/Capita almost double of every other province
And all of that doesn't include the transfer payments which go out to the Eastern Provinces.
All that to say, I do hope your right and the tech ccene is Alberta can grow from current vacancies and other problems in the province. I think the province could really benefit from some natural growth in other sectors.
[0] http://www.rbc.com/economics/economic-reports/pdf/provincial-forecasts/prov_fiscal.pdf http://www.rbc.com/economics/economic-reports/pdf/provincial...
[1]https://en.wikipedia.org/wiki/Equalization_payments_in_Canada https://en.wikipedia.org/wiki/Equalization_payments_in_Canad...