Calgary Chamber Warns of Economic Fallout of Alberta Split; CEOs Join ‘Stay’ Camp
The study says trade costs could rise 5% to 8%, leaving Calgary with 44,000 to 69,000 fewer jobs.
- On Tuesday, the Calgary Chamber of Commerce released a report warning that Alberta separating from Canada could eliminate between 44,000 and 69,000 jobs in Calgary, highlighting the province's status as the country's most trade-exposed jurisdiction.
- University of Calgary economist Trevor Tombe estimates separation would increase trade costs by five to eight per cent, the range the United Kingdom experienced following its withdrawal from the European Union.
- Business leaders urged Alberta to "remain at the table" within Confederation in an open letter released by the Chamber, with signatories including the heads of AltaGas, ATCO, AltaLink, Capital Power, and Keyera.
- This analysis arrives three weeks before Albertans vote on 10 referendum questions, including one on whether the province should remain in Canada or initiate the separation process.
- As the most trade-exposed jurisdiction in Canada, Alberta faces disproportionate economic risks from higher trade costs, according to the Chamber, which positions this analysis as critical for the province's long-term stability.
28 Articles
28 Articles
Calgary Chamber Of Commerce Warns Of Economic Fallout From Alta. Split; CEOs Join 'stay' Camp
A report commissioned by the Calgary Chamber of Commerce warns of dire economic consequences if Alberta were to separate from Canada. The study by University of Calgary economist Trevor Tombe estimates trade costs would rise by five to eight per cent, the range the United Kingdom has seen since its withdrawal from the European Union. It says Alberta is the most trade-exposed jurisdiction in the country, so those higher costs would translate to b…
Ckpg Today
Calgary Chamber warns of economic fallout of Alberta split; CEOs join ‘stay’ camp
CALGARY — A report commissioned by the Calgary Chamber of Commerce warns of dire economic consequences if Alberta were to separate from Canada. The study by University of Calgary economist Trevor Tombe estimates trade costs would rise by five to eight...
Winnipeg Free Press
Calgary Chamber warns of economic fallout of Alberta split; CEOs join 'stay' camp
CALGARY - A report commissioned by the Calgary Chamber of Commerce warns of dire economic consequences if Alberta were to separate from Canada.
This study estimates that commercial costs would increase from 5% to 8%.
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