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    How to wind down stimulus – As the economy recovers fiscal policy has to shift | Leaders

    How to wind down stimulus – As the economy recovers fiscal policy has to shift | Leaders

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    Kenney announces plan to reboot Alberta economy

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    Coronavirus reveals the precarious position of women in ‘disposable workforce’

    Former Cedars ER Doc Charged with Sexually Assaulting Four Women – NBC Los Angeles

    Former Cedars ER Doc Charged with Sexually Assaulting Four Women – NBC Los Angeles

    Three Earn Women’s Golf Academic Honors

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    Women’s Golf’s Cooper, Kouskova named WGCA All-American Scholars

    Women’s Golf’s Cooper, Kouskova named WGCA All-American Scholars

    Women’s cricket is different sport, don’t make superfluous changes: Shikha Pandey | Cricket News

    Women’s cricket is different sport, don’t make superfluous changes: Shikha Pandey | Cricket News

    Why women may fair better with COVID-19

    Why women may fair better with COVID-19

    Developing regions’ women struggling

    Developing regions’ women struggling

    JK Rowling deletes tweet praising Stephen King after he supports trans women

    JK Rowling deletes tweet praising Stephen King after he supports trans women

    Education programming for refugee women & girls: Findings from a needs assessment study – Bangladesh

    Education programming for refugee women & girls: Findings from a needs assessment study – Bangladesh

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    Air bridges: Boris Johnson confirms Britons can travel using air bridge agreement | Travel News | Travel

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    Spain and Greece most popular destinations as sunseekers snap up massive travel bargains

    Spain and Greece most popular destinations as sunseekers snap up massive travel bargains

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    Dr Hilary warns Brits not to travel abroad despite govt plans for air bridges

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    Primark orders £1bn in fashion stock after ‘encouraging’ re-opening

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    This fashion designer-entrepreneur is on a mission to revive dying Suf embroidery in Kutch

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    Top Companies- Kikusui Food, World Food Processing, Japan Traditional Foods, Azuma, Yamada, Okame and more… – 3w Market News Reports

    WSU researcher raises awareness about food insecurity during pandemic – The Daily Evergreen

    WSU researcher raises awareness about food insecurity during pandemic – The Daily Evergreen

    University City street vendors struggle after city took ‘punitive stance’ on food trucks

    University City street vendors struggle after city took ‘punitive stance’ on food trucks

    Iranian fleet accused of stealing Somalian fish despite acute food shortage | Environment

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Kenney announces plan to reboot Alberta economy

davidcrossan by davidcrossan
June 29, 2020
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Diversification of the economic system, bolstering the oil and gasoline sector and an enormous injection of infrastructure spending are all anticipated as Premier Jason Kenney declares his long-term reboot plan for Alberta immediately. 

The province has been battered by oil value wars and the COVID-19 pandemic and has seen its deficit balloon from a projected $7 billion to $20 billion this yr.

Its most up-to-date finances was based mostly on oil fetching $58 US per barrel, a forecast critics known as rosy on the time, and was rushed by the legislature as a battle between Saudi Arabia and Russia cratered the value and the worldwide pandemic settled on Alberta. 

Economists are predicting a extreme recession within the once-booming province and even Kenney has warned of “an awesome fiscal reckoning” to return in a province that has tied its fortunes to the swings of its principal commodity.

Kenney mentioned on Friday that his plan will contain the largest-ever spending on public infrastructure, together with areas comparable to well being care and transportation.

There will even be a deal with diversifying the economic system in crucial development sectors whereas buttressing the present oil and gasoline business.

In March, Kenney introduced a 12-member financial advisory panel, together with former prime minister Stephen Harper, to offer steerage on the relaunch.

Calgary, the place Kenney will make the announcement immediately, has been notably arduous hit over the previous few years by an oil value downturn that not solely refuses to rebound.

Its downtown emptiness price has been hovering round 25 per cent for years now, leaving an enormous gap within the tax base that’s solely anticipated to develop. 

Calgary Mayor Naheed Nenshi has mentioned the town would require explicit support from the province and the federal authorities with a view to journey out its present storm. 



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