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.
As the Canadian federal election approaches, the national conversation has largely centered on the leaders, particularly Pierre Poilievre. However, Mark Carney’s values and political priorities remain less explored. While his extensive experience in global finance and leadership roles at the Bank of Canada and the Bank of England is well-known, the question remains: Who is Mark Carney as a person? How will his values shape his policies if he wins the upcoming election? This is a crucial question for voters, as it could significantly influence Canada’s future.
As Canada approaches a federal election, the focus should be on economic growth that genuinely enhances the lives of Canadians. Canada’s GDP per capita has been declining, placing it last among developed countries in real GDP per capita growth over the past decade. This decline indicates that while the population has grown, prosperity has not kept pace. Stay informed and raise your expectations for a prosperous Canada.
