Quote:
Originally Posted by blankall
The increases in value in the Canadian dollar are also hurting our ability to attract international businesses. Plus, the downtown vacancy phenomena is global. So while rents may be cheaper in Calgary, they are even cheaper in places like the midwest, Texas, or even Mexico.
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I could be wrong... but in my mind-
Calgary historically also had its downtown rents driven by business developed locally, and not international business. Oil oil oil, and supporting oil oil oil. Throw in some Banking which is Canadian at least.
Have we ever really historically seen international firms set up large shops here that were not chasing oil money?
I wonder if there is an opportunity to chase TO and Vancouver mining HQ. I know more natural resources isn't what people want, but jobs are jobs. Companies like to have their HQ where they have industry, but if Kenney's low tax argument had ANY legs, you think these mining HQ would be the first to jump here given our high level of technical people in the City, close proximity to BC, and other attractive options listed in this thread.
Or maybe Kenney is using an outdated 1980's economic model and doesn't understand how the world works?