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Alberta’s reliance on oil revenues means that when prices fall, the economy follows
Post Reply RetroFed Forum Forum Index » Canada
AuthorMessage
TribblesBestFriend startrek.website TribblesBestFriend@startrek.website
Joined: 2025-01-30
Quote
Link: https://www.cbc.ca/news/canada/edmonton/albertas-reliance-on-oil-revenues-means-that-when-prices-fall-the-economy-follows-9.7109134

I’m sure the separatists movement is really happy about this one.
54   Original
ikidd lemmy.world ikidd@lemmy.world
Joined: 2023-06-23
#2 · Quote Reply

Gee, thanks, Sherlock.
6
TheAgeOfSuperboredom lemmy.ca TheAgeOfSuperboredom@lemmy.ca
Joined: 2021-05-24
#3 · Quote Reply
ikidd wrote:
Gee, thanks, Sherlock.

The sad part is there are a lot of people who don't understand this.
7
UnderpantsWeevil lemmy.world UnderpantsWeevil@lemmy.world
Joined: 2023-06-14
#4 · Quote Reply

Iran war great news for Alberta and other Western oil exporters
5
ikidd lemmy.world ikidd@lemmy.world
Joined: 2023-06-23
#5 · Quote Reply
TheAgeOfSuperboredom wrote:
The sad part is there are a lot of people who don't understand this.

"Please god, give me another oil boom and I promise not to piss it away this time."
10
Albbi piefed.ca albbi@piefed.ca
Joined: 2025-06-25
#6 · Quote Reply

https://piefed.ca/c/world/p/563368/oil-price-expected-to-surge-after-iran-strikes-and-strait-of-hormuz-closure
2
maplesaga lemmy.world maplesaga@lemmy.world
Joined: 2025-11-30
#7 · (edited) Quote Reply

Canada overall has tracked the price of oil.

Interest rates have caused USD to be far higher in 2022 which caused a divergence, though I'm not sure how they had so much inflation relative to us. I know they didnt do mass immigration, which kept wage pressure high. Their "quiet quitting" phenomenon that we once had never ended.
4
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