So much for those days: grim years ahead

Alberta’s debt soars into stratosphere; Kenney government opts to hold line on spending, won’t cave in to pressure for sales tax

Gary Park

for Petroleum News

In the midst of the annual Calgary Stampede, then-premier of Alberta, Ralph Klein, wearing a cowboy hat, held high a sign declaring “Paid in Full.” That was his signal Alberta had paid off its remaining debt of C$3.7 billion, making it the only jurisdiction in the western world to enter such a heady....

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Growth of debt

Sideswiped