Category: Business/Finance

  • NDP Thankfully Adopt Restraint on Royalties After Review Did Severe Damage to Economy: Wildrose

    NDP Thankfully Adopt Restraint on Royalties After Review Did Severe Damage to Economy: Wildrose

    EDMONTON, AB (January 29, 2016): Today’s royalty review announcement confirms Wildrose’s position on the need for stability in the energy sector, the damage the public nature of the review did to Alberta’s economy and the urgent need to increase Alberta’s global competitiveness, the Wildrose Official Opposition said today. Several companies such as Encana, Canadian Natural Resources Ltd. and Pengrowth Energy either…

  • Royalty Review Identifies Diversification as a Priority

    Royalty Review Identifies Diversification as a Priority

      Alberta’s Industrial Heartland (January 29, 2016) – More of Alberta’s oil and gas resources may soon be further processed within provincial borders as a result of recommendations by the Royalty Review Panel. After a five month process, the outcome of the Royalty Review was announced today by Premier Notley. Alberta’s Industrial Heartland Association (AIHA)…

  • Modernized royalty system will promote jobs and investment activity, while increasing revenue to Albertans over time

    Modernized royalty system will promote jobs and investment activity, while increasing revenue to Albertans over time

      The adoption of the Royalty Review Advisory Panel’s recommendations will create a simpler, more transparent and efficient system that encourages job creation and investment, rewards innovation and increases returns to the province over time. “Our new royalty framework recognizes the economic context of Alberta’s energy industry and the need to protect and promote good…

  • Liberals Choose Union Patronage over Transparency and Accountability

    Liberals Choose Union Patronage over Transparency and Accountability

      High River, AB – Yesterday the Liberal Government announced they intend to repeal Bill C-377 and Bill C-525. At the federal level, the previous Conservative government introduced extensive reforms to ensure Canadians have trust in their political institutions. The Accountability Act reformed the financing of political parties to reduce opportunities to influence politicians with…

  • Non-Unionized Wage Freeze a Good Start – But a Drop in the Bucket for Bloated Salaries

    Non-Unionized Wage Freeze a Good Start – But a Drop in the Bucket for Bloated Salaries

    By Paige MacPerson CALGARY, AB: The Canadian Taxpayers Federation (CTF) says the Alberta government’s wage freeze for non-unionized employees is a step in the right direction, but doesn’t go far enough. “It’s good to see the government looking for savings in wages, but it does little to fill the hole of the government’s $8.9 billion…

  • Jean Statement on New Pipeline Approval Rules

    EDMONTON, AB: Yesterday, Wildrose Leader Brian Jean released the following statement on new federal rules for the approval of pipelines in Canada: “This announcement of more red tape and more delays, specifically around Energy East and Kinder Morgan’s Trans Mountain pipeline expansion, is disappointing. “Pipelines are the safest and least carbon-intensive way to move oil,…

  • Worst Year of Job Loss Since 1982 Shows Need to Back Away from Experiments, Focus on Job Creation: Wildrose

    EDMONTON, AB (January, 2016): With 2015 as the worst year for Alberta job loss since 1982, it’s time for the NDP government to back away from risky economic policies and instead start focusing on job-creation, the Wildrose Official Opposition said Tuesday. Since being elected in May 2015, the NDP government has put together a set…

  • Minister Phillips statement on new Federal Review Process

      January 27, 2016 Environment and Parks Minister Shannon Phillips issued the following statement, after the federal government announced new interim principles that will guide the review processes of Canadian energy infrastructure projects: “As you all know, energy infrastructure and getting our product to tidewater is a very important priority for this government. Alberta’s ability…

  • Interim Measures for Pipeline Reviews

    Interim Measures for Pipeline Reviews

    January 27, 2016 — Ottawa – Minister of Environment and Climate Change, the Honourable Catherine McKenna, and Minister of Natural Resources, the Honourable Jim Carr, today announced an interim approach that includes principles and plans for major projects. These principles are the first part of a broader strategy to review and restore confidence in Canada’s…

  • Alberta M.P.s Barlow and Stubbs Denounce Liberal’s Lack of Leadership

    Alberta M.P.s Barlow and Stubbs Denounce Liberal’s Lack of Leadership

    OTTAWA – Today, Shannon Stubbs, Member of Parliament for Lakeland and Official Opposition Deputy Critic for Natural Resources and John Barlow, Member of Parliament for Foothills and Official Opposition Deputy Critic of Employment, Workforce and Labour condemned the Liberal government’s lack of action in support of the tens of thousands of energy workers in Alberta…

  • Environmental Appeals Board Hearing: Alberta Reclaim and Recycling Company Inc.

    Environmental Appeals Board Hearing: Alberta Reclaim and Recycling Company Inc.

    The Environmental Appeals Board will conduct a hearing on March 15, 2016, commencing at 9:15 a.m. at the Environmental Appeals Board office in Edmonton. The Board will hear submissions with respect to an appeal filed in relation to Alberta Environment and Parks’ decision to issue Administrative Penalty No. 15/01-AP-RDNSR-15/01 in the amount of $844,778 to…

  • Higher Corporate Taxes Mean Lower Wages for Workers

    Governments must realize that if they increase business taxes, the evidence shows ordinary Canadians pay the cost By Charles Lammam, Director of fiscal studies, The Fraser Institute VANCOUVER, B.C./ Troy Media/ – With governments across Canada mired in persistent deficits, we have seen a surge of misguided tax increases in an attempt to close budget gaps. Often,…

  • Petrochemical Sector a Realistic Source of Growth

    Petrochemical Sector a Realistic Source of Growth

      Alberta’s Industrial Heartland remains a key player in job and economic expansion in province Edmonton, Alberta (January, 2016) – World demand for petrochemicals is expected to outpace GDP growth over the next decade. This growing demand coupled with Alberta’s robust petrochemical sector and abundant feedstock fueled optimism among a capacity crowd at (Thursday’s) annual…

  • Maximizing the Benefits of TFSAs

    Maximizing the Benefits of TFSAs

    By Kim Inglis   For many Canadians, tax-free savings accounts (TFSAs) may be the most advantageous change made to the tax code since RRSPs were launched in 1957.  Many professionals even contend that the popularity of TFSAs will ultimately surpass that of RRSPs. However, despite countless clarifications by Revenue Canada and others, TFSAs continue to…

  • Alberta Boosts Support for High-Tech Innovation and Research

    Alberta Boosts Support for High-Tech Innovation and Research

      The Government of Alberta is providing additional funding for Alberta’s high-tech businesses to create a more diversified and resilient economy. The Enhanced Innovation Voucher and Small and Medium-sized Enterprises Support program will receive $5 million in additional funding to help small innovative and technology-based businesses gain access to services and expertise they need to…