DBRS downgrades Alberta’s long-term outlook to negative.
“Moreover, the Province has yet to provide a credible plan to restore balance. While Alberta’s debt burden is low and the economy is showing signs of recovery, the fiscal plan demonstrates a lack of willingness to contain debt growth, which is likely to lead to a one-notch downgrade of the long-term ratings,” the agency’s statement said.
“Lack of willingness” is a gross understatement. The Marxists in edmonton think that more debt gives them more control.
They believe that cutting spending will reduce growth. Someone should ask Notley if wet sidewalks cause rain.
I bought a Wild Rose membership in order to vote for the party merger. So dangerous is Notley that nothing should get into the way of stopping her at any cost.
It could well be that the Dippers know that their time in office may be limited and they want to cause as much damage as possible before they’re turfed out. They want to make it too expensive to undo, thereby ensuring that their influence will be felt for a long time after they’re gone.
B. C. is a good example of that.
Not only does the Commie/Left not take responsibility for the disaster, they just don’t care.
Welcome to Ontario, Alberta.
The left thanks you for neutering the only thing it had to a serious opposition.
Oh but…but…they just didn’t do it right, they didn’t give it enough time to work – all these years, nobody has been given the chance to do it right….
Give them that chance and it’s too late to turn back the clock – game over – may as well move to Venezuela.
I don’t know where this talk of recovering oil prices is coming from. We will never again see sixty dollar oil. Not unless there iz a major crisis in the world and then the economy will be the least of our worries. Nope forty to fifty is what to expect for the immediate future. Fiscal austerity is the only way to survive but i doubt that any of the political parties will be willing to go that route. We need.a Ralph Klein but keep getting Boob Rae.
Don’t criticize their laissez-faire approach to the economy. They’re following Justin’s example of letting the budget balance itself.
This is just another stage in the concerted Provincial, national and international globalist effort to economically collapse the Alberta economy……then the special interests responsible move i and buy Alberta resources at fire sale prices.
you know you have to kill them
you know that as long as their core exists the strive to enslave Goyim will never end
“the economy is showing signs of recovery”
What a crock. The economy is NOT showing signs of recovery. Who wrote this piece, Obama’s press secretary?
This is just another stage in the concerted Provincial, national and international globalist effort to economically collapse the Alberta economy……
That was the objective of the Dippers all along. Red Rachel is a hard-core commie and would like nothing better than to make this Venezuela North.
then the special interests responsible move i and buy Alberta resources at fire sale prices.
“Special interests” as in Soros? Why not? Isn’t that how he became a “philanthropist”?
A vote for the progressive conservatives is the same as a vote for the NDP. The economy is not recovering were I live in Alberta.
The Keystone will not carry Carbon Taxes to the USA…Count on eating
that crap in Canada….Ontario is in for a surprise…
And so stupid is Alberta that they elected her. And will again. Your choice is get out, or shut the hell up. Nothing is going to change in Alberta.
I’m old enough to remember when Ralph Klein balanced the budget and paid off all provincial debt — on $15 oil.
Alberta is just one more part of socialist Canada, what do you expect?
you will eventually see 150 dollar a barrel oil. it will come about as the result of a real crisis or a manufactured one, rest assured oil will not stay where it is.
Please don’t mame a fool of yourself predicting one fifty oil. You and I both will be long gone before that happens, either that or milk will be ten dollars a liter.
Your guess on the future price of oil is no dif than ‘old white guy’, a guess. The great success of fracking tech has brought on huge amounts of marginal oil. Marginal in the sense that these wells tend to pump out quickly requiring ongoing drilling to replace the production. That said the cost of bringing this oil on line has been deceptively cheap. A clear cost factor is up for debate.
Demand versus production versus geopolitical disruption = crude cost. $150/bbl oil is quite possible given the unstable conditions in the mid-east and a possible confrontation with NK. Combine that with escalating demand from India and China for energy. Electricity replacement of hydrocarbons is another rationale for reduced demand but again how quickly that is realized is to say the least murky.
We all hear that the marginal cost to produce crude is in the $70 to $80 range. Those numbers are tied to the ‘desired’ price to provide many national economies the revenue they desire to balance their books. It is no dif from many aspects of our ‘Turdeau’ economy that deliberately over estimate GDP growth because that is the only way they can predict some form of future solvency. Laughable but it sells.
You’re so full of it you reek! I work in oil and gas every day. You should move to Venezuela and join the rest of the clowns predicting one fifty oil.
Youre another clueless idiot. The marginal price isn’t even close to seventy dollars. It isn’t even half that in the oil sands. Go get a job in the industry before lecturing those who do work in it.
” for every winner there is a loser”
This is commie claptrap.
Alberta is recovery but it’s a crap recovery. Oil won’t carry us; fracking ensures it will not go above $60 if even that high.
That assumes that the guy who bought your house was in it for flipping. He may value something else entirely.
The entire point of free commerce is that both individuals gain more value than they had initially. There are no ‘losers’.
that prediction is no more foolish than you saying it will never get there. Market manipulation is beyond your control.