Calgary & Alberta Economy

[darwink]

After labour day, there could really be a drum beat of announcements. I assume the budget is going to be a tough pill to swallow so there has to be a large show and tell before then so the budget pill goes down a bit easier.

I don't expect the fall budget to be the 'big' budget, like the generation defining budget, like the martin chretien 1995 budget.

The big budget will likely be in the spring, and many will be disappointed in the fall.

It is just too early to be anywhere close to accurate for the fall. The time to plan is too short.

There will be down payments on things that are ready in time, and signals of the problems the spring budget will set us on the path to solve.

 

[CalgaryTiger]

What is an 'inland port,' anyway? What you need to know about Prairie Economic Gateway

But what exactly is the$7-billion Prairie Economic Gateway initiative between the City of Calgary and Rocky View County?

calgaryherald.com

This is still a sales job of what could be, there have been a lot of announcements but it isn't exactly underway. Hopefully it can be designated one of the nation building projects but I have my doubts it meets the threshold.

 

[CalgaryTiger]

I don't expect the fall budget to be the 'big' budget, like the generation defining budget, like the martin chretien 1995 budget.

The big budget will likely be in the spring, and many will be disappointed in the fall.

It is just too early to be anywhere close to accurate for the fall. The time to plan is too short.

There will be down payments on things that are ready in time, and signals of the problems the spring budget will set us on the path to solve.

It is a short timeline but some rubber needs to start hitting the road to keep people on side. There hasn't been anything tangible put in the window, the legislation passed in the spring was some ground work but people will want to start seeing something, people's expectations are not realistic and the Prime Minister sold himself as a doer.

 

[Chowda7]

North Vector Dynamics secures $4.2-million contract with National Defence for hypersonic propulsion

Calgary-based startup says Canadian VC interest in military technology is growing.

betakit.com

 

[darwink]

It is a short timeline but some rubber needs to start hitting the road to keep people on side. There hasn't been anything tangible put in the window, the legislation passed in the spring was some ground work but people will want to start seeing something, people's expectations are not realistic and the Prime Minister sold himself as a doer.

Legislation to do stuff and budget are not the same thing, though they have been packaged together as a comms exercise in the recent past.

 

[Chowda7]

Major Projects Office based in Calgary and led by the chair of the Trans Mountain board

https://www.cbc.ca/news/politics/major-projects-office-carney-1.7620935

 

[CalgaryTiger]

The positive provincial note behind this is it is hard for Danielle to point at the Ottawa Boogeyman if it is in Calgary and ran by the former executive at BC Hydro and former CEO of TransAlta, Dawn Farrell also got Trans Mountain done. As an aside, if it wasn't for Trans Mountain I can't imagine how bad the Provincial deficit would be... This office won't employ many people but the symbolism is not lost on me.

With the economy contracting last quarter because of trade, this should've been done yesterday but there is no better time than today.

 

[Chowda7]

Major Projects Office based in Calgary and led by the chair of the Trans Mountain board

https://www.cbc.ca/news/politics/major-projects-office-carney-1.7620935

For me an equally important aspect of this office is that it's mandate also includes coordinating public and private financing including from the infrastructure bank. Hope this means capital can be deployed much faster than in the past