April 11, 2017

Here’s why investors don’t share Finance Minister’s faith in NDP job creation plan

Holly NicholasRebel Commentator

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.

Comments
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commented 2017-04-12 10:16:55 -0400
Don MacDonald, you nailed it! Rebels, make sure you read his comment below.
commented 2017-04-11 20:49:50 -0400
The Noonoonuloonoos creating jobs in Alberta? Is this a belated April Fool’s joke?
commented 2017-04-11 20:19:41 -0400
of course cenovus jumped at conoco phillips holdings…they are carbon’levy’ exempt…just like their fellow suck ups to the ndipsticks at cnrl…
commented 2017-04-11 15:17:52 -0400
You hit the nail on the head BILL ELDER

Now if you point that out to them , they just have a fit !
The last fit they had Was an eco- fit
commented 2017-04-11 15:04:26 -0400
The statist socialist approach to job creation stems from expanding government not the private sector – more government jobs from more regulatory law which stifles the productive private sector wealth engines. Dipper Economics come from reading too many comic books.

You want jobs? Free the private sector from socialist despotic economics.
commented 2017-04-11 14:25:32 -0400
Prior to his new gig as NDP Finance Minister Cici was a City of Calgary alderman known for his left of center stance on city issues. His career background is that of a social worker . Explain to me how a social worker is qualified to be a Finance Minister, other than the fact that the rest of the caucus were social workers, teachers,union activists , and village idiots and were less qualified. By comparison Paul Martin was Finance Minister in Chretien’s cabinet and Martin was the head of the largest Canadian freighter company on the East Coast. Micheal Wilson , Finance Minister in Mulroney’s Cabinet had a Bsc in Economics from the London School of Economics.
My beloved province of Alberta is a lunatic asylum and the inmates are running it.