Well, that used to be the case…
Our economy is facing troubling times right now. TD Bank’s economic team recently released a report saying that Alberta was in the worst recession on record, which includes the financial crisis of the mid-80s. In the month of May, Alberta lost 24,100 jobs, the biggest job loss on record. But while Alberta loses jobs at an alarming rate, we see the rest of the country’s economy growing. The national unemployment rate dropped, falling to 6.9 per cent, while Alberta’s has reached 7.8 per cent.
So why is it that Canada is weathering low oil prices and tough economic times much better than Alberta has? Because we are witnessing this NDP government continue to attack business and industry at every turn. Business and investor confidence is at an all-time low in Alberta. We know that the NDP is not responsible for world oil prices, but they must take responsibility for the fact that their policies are making a bad situation worse.
The latest NDP attack on business will have potential investors very worried. The government has decided to take legal action to void Power Purchase Agreements (PPAs) made between the Government of Alberta and power companies more than 16 years ago. This sets a damaging precedent that only serves to erode business and investor confidence as the NDP continue to make enemies out of job-creators.
The Calgary Chamber of Commerce was quick to come out against this move, saying it demeans the dependability of legislation and the sanctity of an agreement. They were also right in highlighting the fact that this government continues to portray Alberta businesses as motivated by the bottom line alone. We all know that is not the case, as Alberta innovators are proud members of our community and have continued to make contributions to Alberta even during this economic downturn.
True leaders understand that their policies and actions impact Albertans. They understand that thriving businesses mean a thriving economy, which in turn means thriving Albertans. And true leaders work with all stakeholders, not just their friends. While the NDP continue to pick fights with those who don’t share their NDP world view, the PC caucus will remain advocates for those who keep our economy moving forward. You can have a role in bringing back the Alberta Advantage by providing your ideas on how Alberta can once become North America’s most business-friendly jurisdiction. Visit the ENGAGE website to give your feedback today!