Bold moves towards a new Alberta economy

Intangible assets underpin many of Alberta’s most exciting growth opportunities and the provincial government can help these businesses succeed

Bold moves towards a new Alberta economyI wouldn't want to be Alberta Premier Rachel Notley right now, but all is not lost. Her government can take bold action to kick-start a new economy. Two years into the deepest recession the province has experienced since the Great Depression, Notley's government's most important policy initiative has been a carbon tax. Albertans are skeptical. Helping the environment is fine but how exactly…

Bringing Alberta’s waning economy back to life

Many of the Alberta economy's best new ideas can't get off the ground for lack of sufficient support from the province and its investors

Bringing Alberta’s waning economy back to lifeIt's time to kick-start Alberta's economy with an aggressive new perspective on funding small and medium-sized businesses. Alberta’s economy has entered its deepest recession since the 1930s. A recent report from economists at the TD Bank predicts that the province's economy will shrink another three per cent in 2016. That will bring the accumulated decline in Alberta's…

Another European financial crisis brewing

The next crisis will be triggered by the mounting bad debts of commercial banks

Another European financial crisis brewingA new financial crisis is brewing in Europe, one that will prove as devastating as the last economic crisis. This one will also be centered in southern Europe, only, this time, instead of being triggered by the rising debt of the region’s governments, it will be triggered by the mounting bad debts of commercial banks.…

Which NDP will introduce the “Act to End Predatory Lending”?

The Notley government can make an ideological point, or leverage the power of Albertans to build a better and fairer small-dollar loan market

Which NDP will introduce the “Act to End Predatory Lending”?In its recent throne speech, Premier Rachel Notley’s government said it intended to “protect Albertans who are experiencing economic distress from being preyed upon by unscrupulous lenders.” The idea, to create “an Act to End Predatory Lending,” is sound but how it is implemented will require great care. As noted in a recent report by…

Payday lenders might be vampires . . .

But they can also be a life saver when the need for cash is urgent and credit from traditional sources is unavailable

Payday lenders might be vampires . . .A list of the terms our society uses to describe payday lenders almost tells you everything you need to know. It reads a bit like a description of a B-grade horror film: predators, thieves, vampires, slave-drivers, or (my favourite) rapacious usurers. But if they’re so awful, why are they everywhere? Why is it that, despite…

Big banks face Uber-like threat

Big banks will survive only if they adjust to a world where their traditional dominant position can no longer be taken for granted

Big banks face Uber-like threatCanada is known for its stability and reliability, and nothing is more stable and reliable than our chartered banks. Remember the financial crisis in 2008? While major financial institutions around the world trembled and some fell, Canada’s banks were unshaken and unmoved. The shares of our big banks are the bluest of blue chips, offering…
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