Quote:
Originally Posted by CaptainCrunch
Once that money left (investments) it went elsewhere, its not like the Oil companies are going to pop open their wallets again with this announcement.
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And nevermind the market sentiment that Alberta is now a place that is relatively speaking, less business friendly (wage increases, looming deficits due to uncontrolled budget spending, tax increases, etc.)
Heck, with how the NDP are running things, what's to say they don't open up another review in a year or two. Or jack up tax rates again shortly to try to cover up the deficit rather than try to control spending.
As a business/market, it is not merely just one announcement they're looking at.