Tax hikes discouraging entrepreneurship in Alberta

'Entrepreneurship is inherently risky and higher personal income taxes decrease the potential income (and reward) for entrepreneurs'

Tax hikes discouraging entrepreneurship in AlbertaA report by the Fraser Institute says Alberta’s personal income tax rate hike may prevent 1,374 new businesses from starting in the province. “Recent tax hikes by the Alberta government are discouraging entrepreneurs from starting new businesses, which are vital for economic growth and prosperity and drive innovation,” said Charles Lammam, director of fiscal studies…

Alberta leads the charge in crude oil production hike

StatsCan said production totalled 18.6 million cubic metres in April, up 11.9 per cent from the same month a year earlier

Alberta leads the charge in crude oil production hikeCanada produced 20.3 million cubic metres (127.5 million barrels) of crude oil and equivalent products in April, up 12.5 per cent from the same month a year ago, says Statistics Canada. “With the exception of heavy crude oil (-4.9 per cent), production of all types of crude oil was up compared with April 2017,” said…

Alberta unemployment rate inches up as more people seek work

But 2000 more positions were created in Alberta in June, to a total of 33,600 year-over-year

Alberta unemployment rate inches up as more people seek workAlberta’s unemployment rate jumped to 6.5 per cent in June, according to Statistics Canada. The federal agency reported on Friday that the rate was up from 6.2 per cent the previous month. However, the number of jobs in the province moved in a positive direction as 2000 positions were created month-over-month and 33,600 year-over-year. Nationally,…

Oil prices expected to decline in the coming months

The latest forecast from Deloitte cites increased OPEC output and slipping international demand for oil

Oil prices expected to decline in the coming monthsGlobal oil prices are expected to recede in the coming months after reaching their highest values since 2014. The latest forecast from Deloitte’s Resource Evaluation and Advisory group says that as Organization of Petroleum Exporting Countries (OPEC) increase output and international demand for oil declines in the second half of the year, prices will fall. The…

Alberta, B.C. will drive Canadian economy over next two years

Across the country, manufacturing orders are climbing, infrastructure spending continues and investment is recovering, report says

Alberta, B.C. will drive Canadian economy over next two yearsAlberta will be a leader in national economic growth this year and next, according to a report by Scotiabank Economics. The report said Alberta’s economy will grow by 2.4 per cent this year, followed by 2.5 per cent growth in 2019. That follows a 4.9 per cent increase for the province in 2017. Alberta’s level…

Alberta can’t blame the equalization system for its economic mess

Undisciplined spending by successive governments is responsible for Alberta’s fiscal problems

Alberta can’t blame the equalization system for its economic messBy Ben Eisen and Steve Lafleur The Fraser Institute In William Shakespeare’s Julius Caesar, one of the conspirators encourages his ally not to blame fate for his misfortunes, but rather to recognize his own responsibility. “The fault, dear Brutus, is not in our stars, but in ourselves,” says Cassius. When it comes to the state…

Ottawa lays another brick in the wall to stop Alberta oil exports

Ottawa ignores the evidence with Bill C-48, which will make it more difficult to ship oil and byproducts to lucrative Asian markets

Ottawa lays another brick in the wall to stop Alberta oil exportsAs virtually everyone knows by now, the federal government decided to address Canada’s inability to get pipelines built from Alberta to tidewater the old fashioned way. It nationalized the last viable pipeline project, the twinning of the Kinder Morgan Trans Mountain pipeline, and paid $4.5 billion for the existing pipeline. With that purchase, we have…

Putting artificial intelligence to work for Alberta’s future

The increased use of AI changes the job market. Some jobs disappear. New jobs are created. AI applies to more existing jobs

Putting artificial intelligence to work for Alberta’s futureAlberta’s job market is a powerhouse. We had the highest employment rate in the country last year with 66.7 per cent of our population age 15 and over working at a job. That’s five percentage points above the national average and 16 points higher than the lowest rate, which is found in Newfoundland and Labrador.…

Pipeline drama provides great politics, dubious policy

This is as close as Canadian politics gets to reality TV, with self-interested actors embroiled in conflict against a common enemy

Pipeline drama provides great politics, dubious policyCanada’s latest political drama has come from the state of jeopardy of the Trans Mountain pipeline expansion. The federal government has announced it will take over the project from Kinder Morgan for $4.5 billion. The B.C. government is asking the courts if it can block the pipeline, creating bipartisan agreement by Alberta politicians for some…

Climate change policies costs energy sector $56 billion in last three years

Loss of investment curbs industry development of innovation that’s key to breaking the link between energy growth and emissions growth: CAPP

Climate change policies costs energy sector $56 billion in last three yearsInefficient and duplicative climate policies are among the factors discouraging investment in Canada’s natural gas and oil industry, according to Competitive Climate Policy: Supporting Investment and Innovation, released by the Canadian Association of Petroleum Producers. Those policies prompt companies to move operations to countries with little or no emissions-reduction programs, thus increasing future global emissions, says the…
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