28.10.2015 - Alberta Plans Higher Investment, Debt to Counter Oil-Sands Crash
Alberta will boost investment in schools, hospitals and transportation projects and run deficits in a bid to stimulate growth as it confronts a collapse of oil-sands revenue that threw the western Canadian province into recession. Producers in the province exported C$1.3 trillion worth of oil and gas between 1971 and 2015, most of which has been used to pay for health care, schools and transportation infrastructure. The province’s Heritage wealth fund is currently valued at about C$15 billion, compared with $1.1 trillion for Norway’s sovereign wealth fund, which was established after Alberta’s...............................................Full Article: Source
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