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Bit of a dead horse here, but they could have done a sovereign wealth fund, Norway-style. Would have helped with the secession plans too, back when those were b
by SuoDuanDao 7y ago
Bit of a dead horse here, but they could have done a sovereign wealth fund, Norway-style. Would have helped with the secession plans too, back when those were being taken seriously.
Armchair quarterbacking I know, but the trouble seems to be that when Alberta has any money at all, oil is the most profitable thing to invest in so that's where the money goes. Investing in uncorrelated assets would level out some of those crazy swings.
Then again, most Albertans I worked with kind of liked the crazy swings. As I'm a bluenoser that was during a boom time of course, so I've no idea how they feel about it during the lows.