immigrantscanada.com

Independent topical source of current affairs, opinion and issues, featuring stories making news in Canada from immigrants, newcomers, minorities & ethnic communities' point of view and interests.

Canada: Alberta

Canada Dept: Alberta understands what position it is in financially, but how do you explain it to the rest of Canada, because I think the rest of Canada thinks Alberta is doing pretty well, according to Globe and Mail. Until we get that and until we can get a closing in the differential, we re not going to get back that revenue. And that s going to take a long time, so we have to find how to adjust how our revenue-cost is going to be going forward and i think Alberta s beginning to realize the situation and now it s about time that everybody else across Canada understands. Albertans have only been paying for 7 per cent of their services since 2000; 30 per cent has been coming from royalty revenue and the royalty revenue is changing. We have a major decline in natural-gas royalties starting in 2008 and now we have a real problem with not being able to sell our crude oil. We re selling that at a huge discount. Our revenue that we relied upon for 30 per cent of our spending is declining substantially, and it s not a supply-demand-type equation. It s an infrastructure issue mainly of what passes through a pipeline. (www.immigrantscanada.com). As reported in the news.