Calgary & Alberta Economy

[Chowda7]

More direct flights to UAE would be nice

Prime Minister Carney secures new agreements with the United Arab Emirates to expand trade and attract new investment into Canada

During the visit, Prime Minister Carney and the President of the UAE, His Highness Sheikh Mohamed bin Zayed Al Nahyan, signed the new Canada-UAE Foreign Investment Promotion and Protection Agreement (FIPA).

www.pm.gc.ca

 

[trtcttc]

Not directly AB, but the lack of investment in the last decade is showing its results. Hopefully the next decade will be different.

Nutrien’s U.S. investment is Carney’s critical failure, supply chain experts and industry say

Fertilizer giant plans to build export terminal for potash in Washington state

www.theglobeandmail.com

 

[darwink]

making big investments in rail capacity is really hard, since they can be really lumpy. Finding the capacity for four more trains over the rockies a day is hard, if adding the capacity for them adds the capacity for 30 new trains a day. Who takes the risk between nutrients that only wants to pay for 4 trains a day, and the railway, that needs maybe 20 trains a day to pay for building new capacity.

 

[Chowda7]

When they're talking about rail lines in Alberta fingers crossed the prairie economic gateway project gets a boost checks a lot of boxes https://www.ctvnews.ca/politics/art...tructure-fund-key-to-doubling-non-us-exports/

 

[trtcttc]

making big investments in rail capacity is really hard, since they can be really lumpy. Finding the capacity for four more trains over the rockies a day is hard, if adding the capacity for them adds the capacity for 30 new trains a day. Who takes the risk between nutrients that only wants to pay for 4 trains a day, and the railway, that needs maybe 20 trains a day to pay for building new capacity.

Seems like a good project for the Canada Infrastructure Bank, precisely to take these long term investments that may be risky in the short run. Or the military budget, moving troops and equipment to a large coast seems like an obvious defense necessity.

 

[CalgaryTiger]

I cannot imagine the price tag to increase rail capacity between the prairies and the coast.

 

[Chowda7]

Canada Post reaches deal in principle with union, strike suspended

Canada Post and the union representing thousands of mail carriers across the country say they have reached agreements in principle after two years of contentious bargaining.

www.ctvnews.ca

 

[darwink]

When they're talking about rail lines in Alberta fingers crossed the prairie economic gateway project gets a boost checks a lot of boxes https://www.ctvnews.ca/politics/art...tructure-fund-key-to-doubling-non-us-exports/

I still don’t understand why this project would potentially benefit. Were there problems with building CN Conrich we don’t know about?

 

[darwink]

Seems like a good project for the Canada Infrastructure Bank, precisely to take these long term investments that may be risky in the short run. Or the military budget, moving troops and equipment to a large coast seems like an obvious defense necessity.

Too much of a lift for the CIB in my opinion. Would need a special top up mechanism to bring interest rates even lower, or some mechanism where Canada covers the cost of unused capacity for a period of time

 

[Chowda7]

https://www.cbc.ca/news/politics/alberta-ottawa-memorandum-of-understanding-9.6988668

 

[Chowda7]

Good to see leaders actually willing to compromise at least. A nice change

Carney says ‘constructive’ talks ongoing with Alberta about oil pipeline | Globalnews.ca

Prime Minister Mark Carney on Sunday addressed speculation about whether an agreement is close for a new pipeline between Alberta and B.C.'s northern coast.

globalnews.ca

 

[trtcttc]

https://www.cbc.ca/news/politics/alberta-ottawa-memorandum-of-understanding-9.6988668

What is the point of signing this deal and potentially having to invest billions in carbon capture when the MOU does nothing to resolve actual roadblocks? I highly doubt the Liberals with their 20 BC MPs are going to enforce the "consult but no veto" and "international trade is federal jurisdiction" arguments in court to support a potential project.

"Carney is open to considering such a project if Alberta, as the proponent conducts the necessary Indigenous consultation and negotiates with the B.C. government, among other conditions, the official said.

 

[darwink]

I highly doubt the Liberals with their 20 BC MPs are going to enforce the "consult but no veto" and "international trade is federal jurisdiction" arguments in court to support a potential project.

The federal Liberals under Trudeau did exactly this.