Calgary Chamber Warns of Economic Fallout of Alberta Split; CEOs Join ‘Stay’ Camp
The chamber says separation could raise trade costs 5% to 8% and cut up to 175,000 jobs in Alberta, according to economist Trevor Tombe.
- 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.
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Fact Check: Does starting the separation process mean Alberta is 'firing rockets at its own goal'?
Subhead:The actual Question 10 asks Albertans whether Alberta should remain a province or whether the provincial government should “commence the legal process required under the Canadian Constitution to hold a binding provincial referendum” on separation.# Calgary Chamber of Commerce president and CEO Deborah Yedlin says Alberta risks scoring on its own net if Albertans vote to begin the process that could eventually lead to separation. Speaki…
Global News
dailyguardian.caAlberta CEOs join ‘stay’ camp as Calgary Chamber warns of separatism economic fallout
A University of Calgary study estimates trade costs would rise by five to eight per cent and Alberta could see up to 175,000 jobs cut and a $62-billion annual hit to the economy.
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...
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