Alberta’s Finance department says that the final step in government’s commitment to eliminate the debt will be taken through new legislation that requires the $3.5 billion set aside in the Debt Retirement Account only be used for debt repayments.“Premier Klein pledged Alberta’s $23 billion debt would be eliminated, and he has kept that promise,” Finance […]
In its first budget as a debt-free province, Alberta boosted its spending, but left taxes virtually unchanged.There were major increases for education, health and policing, more money for people with severe disabilities, and a predicted surplus of $1.5 billion. Calling it an investment budget, Alberta Finance Minister Shirley McClellan said the province is heading into […]
Industry and regulators working together
Motion includes changes to foreign property rule
CSA offers guidance on elimination of foreign property rule
Removal of foreign content limits may mean suitability requirements have to be updated
Says decision has benefits for all Canadians
Fund companies waiting for budget to pass
Funds may seek opportunities in foreign bonds
Federal surplus projected to grow despite increase in spending