Fixing equalization will not be easy, but there are other options, say experts

[Guest]

Alberta and Saskatchewan still both have higher GDP per capita than many other provinces. And higher average family incomes. And the ability to collect alot of taxes (large fiscal capacity)

Alberta has chosen to have low tax rates and low royalties that could have provided significant revenue for the heritage savings account and all kinds of programs but they chose low taxes over more stable finances. That's their choice.

The integrated oil producers in Alberta who produce upgraded and refined products are still very profitable with low prices. Probably even more so.

Yes they need more access to markets. But they also need to match supply to market capacity so that they don't lower oil prices with over production. Line 3 and Keystone XL along with TMX will solve some of those issues. Most of the market for heavy oil refining is in the US. Line 3 and Keystone XL are being held up in the US.

dont you understand how it works?
the more alberta makes , the more quebec takes?
wtf is wrong with your head
alberta has lost the oil patch and is still paying those freeloading bastards, and so are we
every year chuck , EVERY ****ING YEAR SINCE INCEPTION , THEY HAVE BEEN SLOPPING AT THE TROUGH

[bucket]

Alberta and Saskatchewan still both have higher GDP per capita than many other provinces. And higher average family incomes. And the ability to collect alot of taxes (large fiscal capacity)

Alberta has chosen to have low tax rates and low royalties that could have provided significant revenue for the heritage savings account and all kinds of programs but they chose low taxes over more stable finances. That's their choice.

The integrated oil producers in Alberta who produce upgraded and refined products are still very profitable with low prices. Probably even more so.

Yes they need more access to markets. But they also need to match supply to market capacity so that they don't lower oil prices with over production. Line 3 and Keystone XL along with TMX will solve some of those issues. Most of the market for heavy oil refining is in the US. Line 3 and Keystone XL are being held up in the US.

170000 barrels of oil isn't moving every day due to the CN strike....


Blanchet,.. the separatist... said Quebec was instrumental in helping getting the west's energy industry set up while failing to see that the money came from the west with the expansion of western canada....

[blackpowder]

[AlbertaFarmer5]

Chuck, why do you persist on comparing Alberta, a province within a country, with no autonomy over our federal "commitments", do Norway, a sovereign country, or Alaska, a state within a country which doesn't practice legalized theft from one region to buy votes from another region, one of many reasons why the contributing members of Canada will inevitably join the US.

I realize that geography is not your strong suit, you are still upset about Saskatchewans off shore oil industry, and think Florida has no swamps, but at least try to comprehend that Alberta is not a country. Norway isn't forced to share its wealth with Sweden and Finland. We went through this exercise a while ago, and I showed you how much larger then Norway's, Alberta's sovereign wealth fund would be if we hadn't given it all to Quebec et al.

In the mind of a socialist, it is always a revenue problem( more taxes solve everything), Never a spending problem.

[Guest]

Wow , thats an interesting little tidbit of info

[blackpowder]

It's not about pipelines. It's about representation. Had we that, we would've had pipelines years ago. And a lot of other things.

[AlbertaFarmer5]

It's not about pipelines. It's about representation. Had we that, we would've had pipelines years ago. And a lot of other things.

Among those other things would be a sovereign wealth fund worth 100's of billions, and a separatist movement which would have no justification for existence.

[chuckChuck]

Alberta's GDP is just about back to where it was when Harper was in power and the world oil price fell.

[chuckChuck]

https://en.wikipedia.org/wiki/Economy_of_Alberta

Alberta's real per capita GDP

In 2006 Alberta's per capita GDP was higher than all US states, and one of the highest figures in the world. In 2006, the deviation from the national average was the largest for any province in Canadian history.[8] In 2007, Alberta's per capita GDP in 2007 was C$74,825 (approx. US$75,000)—by far the highest of any Canadian province—61% higher than the Canadian average of C$46,441 and more than twice that of all the Maritime provinces. In 2017, Alberta's real per capita GDP—the economic output per person—was $71,092, compared to the Canadian average of $47,417.[11] Alberta's A grade on its income per capita was based on the fact that is was almost "identical" to that of the "top peer country" in 2016, Ireland.[12]

In 2017, Alberta's real per capita GDP—the economic output per person—was $71,092 compared to the Canadian average output per person of $47, 417 and Prince Edward Island at $32,123 per person.[11] Since at least 1997, Alberta's per capita GDP has been higher than that of any other province. In 2014, Alberta's reached its highest gap ever—$30,069—between its real capita GDP and the Canadian average.[11]

According to the Conference Board of Canada, in 2016 Alberta earned an "A grade with income per capita almost identical to the top peer country, Ireland."[12] In 2016 income per capita in Alberta was $59,259.

[chuckChuck]

Alberta is still recovering from 2014 but it continues to grow. It still has the highest GDP per capita of any Canadian province.

Is Alberta really in that bad of shape? Only if you compare it to the peak of the boom. But not if you compare it the rest of Canada.

Yes parts of the oil industry are struggling. But integrated companies who upgrade and sell refined oil products are doing very well.

Once Line 3 and Keystone XL and TMX are operating then pipeline constraints are reduced.