Cakadu, thanks for the good post and Grassfarmer too in an earlier post.
Cowman: You might be interested in this site which breaks down the head offices of Canada’s 800 largest corporations by province. On a per capita basis Alberta has more head offices than any other province. On an actual number basis Alberta is third behind Ontario who is first and Quebec a distant second. Some people think of head offices as where the buck stops. It is probably more accurate to think of head offices as where the decisions are made.
See: http://www.bcbc.com/archive/Corporate%20Head%20Offices%20Jan%202005.pdf
Just to clarify a point, there is corporate money circulating in the economy and tax money going to Ottawa and back and forth to the provinces that have both been mentioned in this thread. They are two different things.
I have heard my father say much the same thing as you about our wealth all going east. I myself would wonder about how much of our wealth goes south. However I think we need to consider that wealth does not sit idle in the economy, it is constantly on the move not sitting in a sock somewhere. Money moves east and south and probably comes back again. Alberta is the strongest economy in Canada right now and given the price of oil it is no wonder.
Cowman: You might be interested in this site which breaks down the head offices of Canada’s 800 largest corporations by province. On a per capita basis Alberta has more head offices than any other province. On an actual number basis Alberta is third behind Ontario who is first and Quebec a distant second. Some people think of head offices as where the buck stops. It is probably more accurate to think of head offices as where the decisions are made.
See: http://www.bcbc.com/archive/Corporate%20Head%20Offices%20Jan%202005.pdf
Just to clarify a point, there is corporate money circulating in the economy and tax money going to Ottawa and back and forth to the provinces that have both been mentioned in this thread. They are two different things.
I have heard my father say much the same thing as you about our wealth all going east. I myself would wonder about how much of our wealth goes south. However I think we need to consider that wealth does not sit idle in the economy, it is constantly on the move not sitting in a sock somewhere. Money moves east and south and probably comes back again. Alberta is the strongest economy in Canada right now and given the price of oil it is no wonder.
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