Quote:
Originally Posted by Red Mile Style
I guess maybe a more diversified economy would please me. Maybe invest some of this money into other ventures that can prove to be beneficial after the economy is no longer oil-based. I just don't want to see people in the hundreds of thousands being screwed over and signing their lives over to banks without anything there for them.
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I am not sure where you live....but from some of your posts and the ideas you have about Alberta.....I would venture to guess that it is not Alberta or you are not originally from Alberta.
Alberta is very diversified.
- In 2005, Alberta’s economic productivity was higher than any other province. Total value added per hour in Alberta was 108.9% of the Canadian average. The only other province to exceed the Canadian average of 100% was Ontario with 104.2%.
- Alberta consistently has one of the best labour records of any province in Canada, in terms of fewest workdays lost due to strikes.
- Alberta’s manufacturing sector also had the highest productivity of all provinces, partly because of its highly productive chemical, machinery and food processing industries.
- Over the past ten years, Alberta has had the strongest economy in Canada, with an average real rate of growth of 3.7% per year.
- Alberta has capitalized on its strengths in agriculture, energy, forestry and industrial products to develop a dynamic and diverse economy.
- Over the past decade, the economy has experienced rapid growth in such industries as forest products, food processing, machinery, fabricated metals, as well as tourism and business services.
The total economy of Alberta that comes from Energy has dropped from 36.1% to 28.3%.
Between 1995 and 2005, Alberta's manufacturing shipments increased by 112% to $60.3 billion.
Alberta's manufacturing sector is closely tied to the resource sector. About two-thirds of manufacturing output consist of value-added resource products
The lowest overall taxes in Canada.
No provincial sales tax [the only province in Canada without one].
No general capital or payroll taxes prevalent in other provinces and U.S. states.
- A two-income family of four earning $100,000 pays about $2,340 less in total provincial taxes, including health care premiums, sales and other excise taxes, in Alberta than in Ontario and $6,152 less than in Quebec.
- Albertans are among the best educated people in North America. In 2005, 60.3% of the labour force, 25 years of age and older, reported holding a post-secondary education certificate, diploma, or university degree.
- The Alberta Heritage Foundation for Medical Research funds the highest biomedical and health research in the province. Since 1980, more than $850 million has been awarded to scientists and trainees. In 2005, the Alberta Government announced a $500 million addition to the Foundation's endowment. The additional funds allowed the Foundation to continue and enhance its programs of funding people and activities engaged in health research.
Just to name a few things.
http://www.alberta-canada.com/index.cfm