I’m keeping the article list a bit shorter this week – just two articles that show how strong the Canadian economy is, compared to the states, and how Alberta is now the ‘have’ province that the rest of the country is watching.
We took possession of another property on Monday, and are knee-deep in the middle of orchestrating renovations, tenant screening, and ensuring our investor receives great returns. It’s been very interesting receiving so many calls from out-of-towners that are in the process of moving to Calgary. I always talk about the influx of people, but the sheer number this week has even been a shock to me – the summer migration is well underway it seems, earlier than normal.
Federal surplus shrinks to $12.9B
- "The federal government's budget surplus is shrinking as expected, but 11 months into the fiscal year just ended it was still a surplus, and still in double-digits, at $12.9 billion."
- "Finance Minister Jim Flaherty has vowed not to let the government slip back into the red, suggesting he will delay some spending plans if needed to avoid what would be the first deficit in more than a decade."
- Here’s a classic case of negative headlines catching attention. The budget surplus shrinks! Oh no! But wait, we’re still over twelve billion dollars in the black.
- This $12.9 Billion federal surplus is in addition to the several billion dollar surplus the Alberta provincial budget will bring in this year.
- It’s also key to look at this information in a larger perspective. In 2007, the United States government has a deficit of $163 billion, and is forecasting a deficit of $239 billion for 2008.
- The economy in Canada is certainly slowing, but all signs point to us doing just fine.
Energy sector surges past auto industry
- "The inexorable shift westward of the Canadian economy is now gaining traction even in the manufacturing sector, the very heart of the central Canadian economy in Ontario, according to a new report."
- "In an analysis of Canadian manufacturing in 2007, Statistics Canada found the global commodities boom is benefitting manufacturing industries in the West with sky-high prices and stronger demand, while the strong Canadian dollar and weak U.S. demand is causing Central Canada manufacturing to languish."
- "Western Canada has the advantage of selling everything the world wants."
- The West is booming. What more can I say?
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