On Wednesday 7 February, Tim McMillan, president of the Canadian Association of Petroleum Producers (CAPP) spoke to the Edmonton Chamber of Commerce. The CAPP head spoke optimistically about growing demand for oil and natural gas, based largely on International Energy Agency forecasts. It was a “terrific outlook” with Canada being perceived as a “supplier of choice.” But dangers lie ahead, according to the CAPP head.
From: The Globe and Mail, Wednesday 7 February 2018
A grainy audio of his talk (with some audience comments) and question and answer is available here.
Alberta remains the only province in Canada without a provincial sales tax or a harmonized sales tax. Indeed, the PST is often labelled a “Political Suicide Tax.” With the oil bust cutting provincial government revenue drastically, the province has been running very large deficits forecast to continue into the next decade. Public discussion of this taboo topic in Alberta politics has been, and continues to be, limited to say the least! And yet, there are compelling reasons for adopting such a tax. There are also reasons for rejecting such a tax initiative. Continue reading →