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News and Views relating to the Calgary and Alberta economy |
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INFORMation hidden behind the StoryNews headlines seem to be increasingly negative but when you read the story behind the headline you will sometimes see a bright spot. Sometimes when you read the story it isn't as bad as the headline would lead you to believe. Below are additional articles relating to Calgary and Alberta Economic Fundamentals Alberta cuts royalties to lure investors back: The Alberta government is rolling back a royalty regime loathed by the province's all-important energy industry, in a bid to revive its political fortunes and lure oil and gas investment back into the province. Inventory of Major Alberta Projects: Alberta Finance and Enterprise report of major Alberta projects valued at $5 mil. or greater. Imperial Boosts Spending: Imperial Oil boosts spending despite profit fall. Will oil hit $200 a barrel after all? What ever happened to $200-a-barrel oil? Maybe it's just been delayed in transit. Albertans most optimistic financially, survey finds: Albertans are the most optimistic in the country about their personal finances, according to RBC's latest Canadian Consumer Outlook Index. Alberta braces for next labour squeeze: The energy industry, particularly on the oil side, is rebounding, and there are concerns that, once again, there will be a burst of new projects and a shortage of tradespeople in the West. Oil rises after OPEC says deman rising, U.S. pledges low rates: Crude oil rose for a second day after OPEC officials said demand is growing Mr. McGuinty's wealth taxOntario's harmonized tax could mean additional tax in Canada's mutual funds.
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Socking away money in an RRSP not the no-brainer it used to beRegistered retirement savings plans, long revered because they defer tax and save money if funds are withdrawn while in a lower tax bracket than when the income was earned, are coming under some scrutiny. Calgary one of worlds smartest citiesIn today's parlance a "smart" city often refers to a place with a "green" sustainable agenda. Yet this narrow definition of intelligence ignores many other factorsÑnotably upward mobility and economic progressÑthat have characterized successful cities in the past. Home sales, and prices, rise in CalgaryCALGARY - The local housing market showed signs of balance, not a bubble. Rig activity on the mend in Western CanadaCALGARY - Dire predictions of low drilling activity in Western Canada to start the year have faded. Oilsands info linkA website that is constantly updating oilsands info. The Coming Train Wreck to Avoid: The Continuing Collapse of the US Housing Market to 2013What would you do if you saw a train wreck about to happen and there was nothing you could do to stop it? You'd get out of the way. So why don't many Canadians do that with their investment decisions? Simply, because we can't help ourselves Ð we have the sun in our eyes. Calgary earns 'A' for prosperityCowtown is Wowtown, says a report released yesterday that gave Calgary a top-of-the-class grade on a global scorecard for overall economic prosperity. Big Increase in self-employed provides Canadian job surpriseA surprisingly big increase in the number of self-employed workers in Canada last month has provided a sign that the deepest recession in decades could be approaching bottom. Bank of Canada cuts rate to .25 per cent!The bank of Canada is reported to hold this rate to 2010 in order to free up credit amid the global recession. Calgary best city on the planet.Toronto Board of Trade released a study measuring urban locations in terms of quality of life and economic competitiveness. A Simple explanation of the Credit CrisisAn easy to understand view of the US Sub prime Crisis. This video is the thesis work of Jonathon Jarvis whose other works can be found on the video site. Food, Fuel and FertilizerAlthough there is a current slump in real estate prices, Canada is well positioned to weather the current economic storm. This is because we provide Food, Fuel and Fertilizer to other countries. 3 consumables required all over the world and needed in boom time or in a recession. Canada enjoys a stable democratic government unlike other countries in the world. This puts Canadian real estate in a great position economically and should help property values to remain stable for the time being and increase in the long term. INFORMation: The Bright SpotAlberta Heritage Savings Trust Fund www.albertaheritagefund.com Alberta enjoys a $14 billion Heritage Savings Trust Fund. Throughout its 32-year history, the Fund has generated approximately $30 billion in investment income that has improved the quality of life in the province. The Fund is invested in a variety of assets, including stocks, bonds and real estate. Income earned from its investments, minus the amount kept in the Fund for inflation-proofing, is transferred to the provincial governmentÕs operating fund where it helps pay for health care, education, infrastructure and other programs and services. Throughout the years the fund has made and lost money. The fund stood at $14.4 billion as of December 31, 2009. Sustainability Fund The Sustainability Fund helps protect the governmentÕs program and infrastructure spending plans from unexpected drops in revenue and the costs of emergencies, disasters. It can also be used for natural gas rebates and First Nations settlements. |
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