In 2009, economists Reinhart and Rogoff warned that when nations try to defy economic gravity, crisis is inevitable. Today, Canada is flashing similar red flags: soaring debt-to-GDP, falling productivity, and rising deficits. Despite historical evidence, we keep spending as if “this time is different.” But real prosperity is built by entrepreneurs, job creators, and communities from the ground up. At AEG, we believe change only comes when we act differently.
As Alberta charts its economic future, a critical question emerges: What size should government be to maximize prosperity? With spending approaching 30% of GDP, Alberta still outperforms other provinces, but risks slowing growth if this trend continues. Research shows that excessive government size can stifle innovation and reduce living standards. A balanced approach can keep Alberta competitive and thriving.
This Canada Day, Alberta Enterprise Group (AEG) reflects on the enduring spirit of Canadian entrepreneurship – from the legacy of the Hudson’s Bay Company to the small business owners driving today’s economy. As we celebrate, it’s also a time to honour the risk-takers, innovators, and community builders who continue to shape Canada’s future through resilience and determination.
As Stampede season kicks off, Alberta Enterprise Group tips its hat to the hardworking tradespeople who keep our province running all year long. From welders to truck drivers, these unsung heroes are the backbone of Alberta’s economy. This week, we salute their grit, pride, and work ethic – because Alberta doesn’t move without them.
The federal government’s rush to pass Bill C-4, the Making Life More Affordable for Canadians Act, should alarm Canadians. This bill tightens privacy controls on businesses but exempts political parties. Political parties collect extensive data with minimal oversight. By exempting themselves from these rules, political parties make future data breaches inevitable. AEG believes that if businesses are held to strict privacy laws, political parties should be too.
Renowned investor Ray Dalio warns of a predictable pattern of fiscal mismanagement that leads countries to economic decline, which he terms ‘The Big Cycle.’ This cycle, characterized by excessive government spending, borrowing, and money printing, results in inflation, social unrest, and a loss of trust in currency. Dalio’s insights serve as a critical reminder for regions like Alberta to prioritize fiscal responsibility to avoid similar pitfalls.
Alberta’s manufacturing sector, a powerhouse contributing $25.3 billion to the province’s GDP and supporting over 419,000 jobs, remains a cornerstone of the economy. Yet, small and midsize manufacturers often go unrecognized. This article highlights their vital role, the challenges they face, and the importance of supportive policies and consumer choices to ensure a stronger, more resilient Alberta
On May 22, AEG hosted a dynamic roundtable in Calgary, featuring Minister of Service Alberta and Red Tape Reduction, Dale Nally, along with Executive Director Paul Bajcer and Assistant Deputy Minister Joffre Hotz. Minister Nally emphasized Alberta’s 34% reduction in red tape and the ongoing efforts to eliminate inefficiencies. Read the full article to learn more about these initiatives and how they impact your business.
Canada possesses the world’s third-largest oil reserves and maintains world-class environmental standards, positioning the country to become a global energy leader. However, short-sighted policies are undermining our potential, weakening our economy, and diminishing our international influence. It’s time for Canada to lead with confidence and seize this historic opportunity.
Alberta Enterprise Group congratulates Nathan Cooper on his appointment as Alberta’s new Senior Representative to the United States. This crucial role will advance Alberta’s economic and diplomatic priorities with our key trading partner. AEG also thanks James Rajotte for his exceptional service, highlighting his success in building strong relationships with U.S. policymakers and raising Alberta’s profile. As Cooper takes on this responsibility, AEG looks forward to supporting his efforts to further diversify and strengthen Alberta’s engagement with the U.S.
