Investment Archives - Page 3 of 3

26Jul

By Bob AscahNo Comments

Employment, Investment

A coup for Invest Alberta?

Updated 27 July 2021 The Globe and Mail reported on Saturday that labour negotiations at De Havilland had broken down over the issue of preserving union jobs in the Greater Toronto Area (GTA). Bombardier, the owner of the storied Dash-8 turbo-prop plane used by many regional carriers, sold the production facility in June 2019 to Longview Aviation Capital Corp. for $300-million. The issue The owner announced earlier this year that it was not committed to the GTA (Downsview) facility after the current order book expires. According to Gerry Diaz, the president of the powerful Unifor union, the new owner may move future production to Alberta. A future scenario could pit Ontario Premier Ford squaring off against Alberta Premier Jason Kenney over the questions of 1) 2,200 highly skilled...

4Jul

By Bob AscahNo Comments

Budget, Credit Ratings, Energy, Investment, Opinion/Research, Politics, Uncategorized

Alberta’s Economic Recovery Plan

Analysis and Opinion Correction made 8 July 2020 re. $1.906 trillion, not billion Premier Jason Kenney has doubled down on his bet to rescue Alberta's beleaguered economy with more corporate tax cuts and higher infrastructure spending. Alberta' Economic Recovery Plan or ERP is a curious blend of spin, self-praise, capitalism at public expense, and a few interesting policy ideas. But overall the plan reads as an unimaginative, traditional blend of slogans, new organizations, and promises about jobs. According to the Premier, "jobs and the economy come first." Most importantly though, the Report confirms Alberta leaders are essentially hostage to international and domestic finance capital. The Premier even observed in his Press Conference that he had met that morning with Uni...

1Mar

By Bob AscahNo Comments

Energy, Energy, Environment, Investment, Politics

Teck withdraws from Frontier

Teck's withdrawal signifies a major turning point in the struggle between forces opposing a fundamental shift in the use of fossil fuels and governments and industries resisting a transition. The company's signalling that Teck would have to write off $1.l billion of its spending on the Frontier project, foreshadowed the difficult corporate decision. The immediate political fallout: in Ottawa a sigh of relief. In Alberta: instant anger but also a slow realization, a coming to terms that the "last boom" was indeed the last boom. It is now time for the adults in the room to come to terms with a new tomorrow. It will be especially painful for the Kenney government which had placed so much attention on the project, demanding "Ottawa" approve the project. But the tone was irreleva...

21Jun

By albertarecessionwatchNo Comments

Investment

Originally posted 21 June 2016 Investment in Alberta is highly cyclical due to the resource base of the oilsands located in the Fort McMurray (Regional Municipality of Wood Buffalo) area. Since the federal and provincial governments agreed to a resource development framework in the late 1990s, tens of billions of dollars have been invested in both oilsands mining and in-situ facilities. Since 2005, one could argue that the whole Alberta economy has been driven by the investment boom in the Fort McMurray area as a number of large Canadian (CNRL, Suncor-PetroCanada, Nexen, Cenovus-Encana, Husky) and multi-national corporations (Exxon-Mobil, StatOil, Total, Shell) competed to exploit this resource base. (more…)