Leave it to Joe Ceci and the NDP to take credit for the increase in full time jobs in Alberta. The Finance Minister says it’s becoming clear that the NDP’s plan for job creation is working but judging by their record, it’s unclear what that plan is.
Their carbon tax has made everything more expensive and less competitive and government boondoggles like investing in petrochemical diversification certainly don’t help.
I’ll give them credit for decreasing the small business tax, but they’re doing absolutely no favours for major companies.
Recently, ConocoPhillips unloaded their oil sands stakes on Cenovus for $13B, which makes them among the many major companies dropping their assets in Alberta.
That deal saw ConocoPhillips’ stock increase by 6%, while Cenovus’ dropped by 8% proving that investor confidence just isn’t there.
The fact is, times are still bad in Alberta. Office space vacancies are expected to rise this summer, food banks report demand is still high which they attribute to lack of jobs and unemployment insurance benefits running out, and insolvencies continue to grow.
Good government policies that are favourable for businesses create jobs, economies stabilizing outside the power and control of government also creates jobs.
The NDP can claim they’re creating jobs all they want, but the state of Alberta – empty food bank shelves, increasing insolvencies, major oil companies packing it in and increases in office space vacancies - tells me otherwise.