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Old 03-13-2006, 04:27 PM   #18
Canada 02
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Quote:
Originally Posted by Footscray
a monkey could have kept the business sector booming with that much money but it takes some foresight to improve the province long term.
Alberta has the advantage of having oil and gas, which is currently more lucrative than many/most other natural resources. However, other provinces have resource riches as well, but don't have the pro-business/investment policies and tax structure that Alberta has to benefit from this. B.C has gas, forestry, fisheries, mining, tourism - unfortunately, they mismanaged these industries and some (forest and fish) were decimated. The NEP is an example of how bad public policy can destroy an industry, including oil and gas. Fortunately, the Alberta Tories are good for the economy, and they have had the foresight to create two multi-billion dollar heritage funds
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