Perfect Storm about to hit Alberta

But new national energy policy could save the province and ensure economic stability across the country

Perfect Storm about to hit AlbertaAlbertans can be forgiven for feeling a little woozy this holiday season. Eighteen months of economic turmoil have taken their toll on the economy — and more bad news is around the corner. The perfect storm about to hit Alberta could make the past year feel like the good old days. Strike one is the continuing…

Notley government policies reducing Albertans living standards

Recently implemented policies will negatively impact living standards and economic opportunities

Notley government policies reducing Albertans living standardsBy Niels Veldhuis Ben Eisen and Fred McMahon The Fraser Institute Until recently, Alberta was the most economically free jurisdiction in North America. High levels of economic freedom fostered prosperity and growth, helping make Alberta one of the most affluent jurisdictions on the continent. However, the Alberta government recently implemented a series of policy changes…

Economic freedom and Canada’s public policy schizophrenia

The Trudeau and Notley governments appear intent on repeating B.C.'s mistakes from the 1990s and Ontario's today

Economic freedom and Canada’s public policy schizophreniaIn international rankings of economic freedom, Canada has soared past the United States, so it should be no surprise that among sub-national jurisdictions in North America (which encompasses 10 Canadian provinces, 50 U.S. states and 32 Mexican states) three Canadian provinces – Alberta, British Columbia and Saskatchewan – ranked at the top using 2013 data,…

Federal tax hike another blow to Alberta economy

Alberta’s top rate climbs from 39 per cent to 48 per cent because of recent provincial/federal increases

Federal tax hike another blow to Alberta economyBy Steve Lafleur and Ben Eisen The Fraser Institute In last week’s federal Throne Speech, the Liberal government restated its intention to create a new, higher top federal personal income tax rate. This tax hike will hinder Canada’s economic performance, but it is of particular concern in Alberta. The Liberals’ planned new top marginal tax…

Investor confidence waning in Alberta

Alberta has fallen from the 16th most attractive jurisdiction in the world in 2014 to 38th of 126 jurisdictions in 2015

Investor confidence waning in AlbertaBy Kenneth P. Green and Taylor Jackson The Fraser Institute For the past decade, investment in Alberta’s vast oil and gas resources has allowed the province to become Canada’s economic leader. Even when compared to other energy producing provinces and American states, Alberta was a top performer on economic indicators such as real GDP growth…

Carbon tax major blow to Alberta’s investment climate

A carbon tax latest nail in the coffin for the Alberta Advantage

Carbon tax major blow to Alberta’s investment climateBy Ben Eisen and Charles Lammam The Fraser Institute Recent policy changes have buried the Alberta Advantage. The latest nail in the coffin comes from the provincial government’s new climate change strategy. For many years, Alberta's strong investment climate helped set the foundation for robust economic performance. A competitive, well-designed tax regime anchored an assortment…

Energy sector squanders special relationship with Albertans

Its crass betrayal will not be forgotten, or forgiven

Energy sector squanders special relationship with AlbertansAlbertans have long memories, and one of their fairest is almost a century old. It’s a highly emotional tale, filled with swaggering oilmen and wildcatters from places like Oklahoma and Texas bringing their wide-eyed optimism and their money to Alberta during the Great Depression. When the bottom fell out of the Alberta economy in the…

Raising taxes not a guarantee of higher revenues

Governments often fail to account for the behavioural effects spurred by its personal income tax rate hikes

Raising taxes not a guarantee of higher revenuesBy Steve Lafleur and Charles Lammam The Fraser Institute The Alberta government recently abandoned the province’s single 10 per cent tax rate on personal income in favour of a five-bracket system with a top rate of 15 per cent – a move that will reduce Alberta’s competitiveness and cause undue harm on an already struggling…

Don’t blame oil prices for Alberta deficit

Alberta’s fiscal woes are the result of uncontrolled spending over the past decade

Don’t blame oil prices for Alberta deficitBy Steve Lafleur and Charles Lammam The Fraser Institute Alberta’s budget, to be unveiled on Oct. 27, will contain the province’s seventh deficit in the last eight years, most recently projected at $5.9 billion. A popular narrative blames declining oil prices for the government’s deteriorating financial situation. However, as a recent Fraser Institute study found,…

Throne Speech portends big blow to Alberta’s investment climate

Fixing a spending problem with higher taxes that erode competitiveness is not a solution

Throne Speech portends big blow to Alberta’s investment climateBy Ben Eisen and Charles Lammam The Fraser Institute Alberta’s economy is still on shaky ground as oil prices remain depressed relative to last year’s levels. Against this backdrop enters a new NDP government led by Premier Rachel Notley. While her government cannot be blamed for the economic state of the province, it can certainly…