Founded only in the 16th century, Helsinki is the geographic, political, financial and cultural capital of Finland. In addition to the area Helsinki encompasses on the mainland, it includes over 300 islands on the inlets and bays of the easternmost arm of the Baltic Sea, the Gulf of Finland. Combined with Stockholm and Tallinn, Helsinki is one of our top tour destinations for youth hockey and ringette teams for over twenty years. Finns are avid sports people and great hosts for our Canadian groups.
Before gaining independence in 1917, Finland was ruled by the Swedes and Russians. The city was founded by Sweden’s King Gustav in 1550 to rival the Hanseatic League member city once known as Reval. Today, Reval is known as Tallinn, Estonia, and it can be reached by a two hour ferry ride.
In 1809, Russia gained control of Helsinki, and in 1812, moved Finland’s capital city from Turku to Helsinki. The decision was made because Helsinki was closer to St. Petersburg and easier to defend because of the Sveaborg sea fortress which guards the sea entrance into the city. Today the sea fortress is named Suomenlinna, and is one of the city’s most popular attractions.
The population of Helsinki proper is about 650,000, and it has a metro population of around 1.5 million including its neighboring municipalities like Vantaa and Espoo. This makes it the 3rd largest city of the Nordic countries, after only Stockholm and Copenhagen. While having all the conveniences of a modern city, Helsinki is a great destination for nature lovers. There are parks and vast areas of unspoilt nature to explore year round. In the summer months, when days are long, there are beaches, boating and watersport opportunities on the sea or at nearby lakes.
Helsinki has an interesting mix of various architectural styles including modern structures that are on the cutting edge of design. The city has a vibrant nightlife with many clubs, bars and late night eateries. The culinary scene is varied from the popular local hamburger chain, Hesburger, to Michelin-star restaurants. There is even a restaurant in the city centre decorated with rustic tables and old tractors serving traditional reindeer dishes. If you want to enjoy a beer while passing Helsinki’s main sights, you may be interested in the Sparakoff Pub Tram. The red colored tram with the destination board reading “PUB” takes about 45 minutes to make a round trip. Plenty of time to enjoy a beverage or two.
Inaugurated in 1868, the Uspenski Cathedral is the center of the Eastern Orthodox faith in Finland. The cathedral was built using 700,000 red bricks that were brought in by barge from a demolished fortress in the Baltic. Entrance to the cathedral is free, and about half a million tourists visit it annually to see the elaborately decorated interior and several valuable icons. The cathedral was built upon a hillside of the Katajanokka island, which forms the eastern side of the city center and the Helsinki harbour. Overlooking the city, the cathedral is a great place to start our journey through Helsinki.
Walking down from the cathedral to the waterfront, we immediately see the 40 meter tall Sky Wheel Helsinki. The wheel offers great views of the city, the sea and the surrounding islands. The wheel has two unique gondolas. One’s interior has leather seats with a glass floor and includes a bottle of champagne for a 30 minute ride. The other is the SkySauna. Yes, we all know Finns love their saunas, so why not combine a ferris wheel ride with a sauna.
Next to the wheel, we find the Allas Sea Pool which has three pools right in the Heslinki harbour. One pool is for lap swimming, one is for families and one is a salt water pool. The fresh water pools are heated, the salt water pool is not. In addition to the pools, there are saunas and a restaurant with terraces to enjoy the views. For those looking to experience a Finnish sauna, it’s a convenient location. If you have time, I would recommend the Löyly sauna which is located near the Tallin ferry terminal. There are many places in Helsinki offering a sauna, so finding one is easy.
Kauppatori Market Square
Taking one of the little bridges from Katajanokka island to the market square we will pass the yellow Presidential Palace. The former Russian imperial palace, contains the Office of the President of the Republic and is used for official functions and receptions. Continuing past the palace, we arrive at the Kauppatori Market Square. The square has been a marketplace for hundreds of years and is a popular tourist attraction. The year round market’s kiosks sell fresh fish, fruit, vegetables, handcrafts, clothing and souvenirs. There are also stands that sell prepared food and beverages. A warm bowl of salmon soup with rye bread or a plate of grilled fish with vegetables make a quick, inexpensive and tasty lunch. The square faces the busy Port of Helsinki (Helsingen Satama) and from here you can take boat tours of the archipelago or to the Suomenlinna Island fortress. You can also see the huge Viking and Silja Line ferries arriving in the morning and departing in the evening for Stockholm.
The light blue Helsinki City Hall is located right in front of the Market Square. Taking a side street along the City Hall we will arrive at the expansive Senate Square with a statue of Russian Czar Alexander II at its centre. The white neo-classical Lutheran Helsinki Cathedral, built in 1852, dominates the north side of the square and towers over the city center. The west and east sides of the square have two similarly looking yellow buildings. The eastern building houses the offices of the prime Minister of Finland and the cabinet. The one on the west side is the main building of the University. North of the University building is the National Library of Finland. The ‘Sederholm house” on the southeast corner of the square is the oldest, built in 1757. The square is used for many events including art displays, food festivals, concerts, New Year’s celebrations and the Christmas market.
The Old Market Hall and the Esplanadi
Walking back towards the harbour, we will go past the market square on the west side of the harbour to Helsinki’s Old Market Hall. Open in 1889, it is Finland’s oldest indoor market. In the lively market you will find merchants selling meat, fish, shellfish, cheese, fruit, vegetables, baked goods, spices, coffee, tea and even a small wine and spirits shop. The cafés and restaurants in the Old Market Hall are a great place to have a break from sightseeing or have a nice lunch.
After grabbing a coffee at the Market, we head back towards the market square and to an interesting fountain that was built in 1908. The Havis Amanda fountain has a nude female statue, often referred to as Manta, at the centre. It was created by Finnish artist Ville Vallgren at his studio in Paris, France. The fountain has four seals looking up to the sea nymph as she rises out of the water. The first of May is the start of the summer for students and in celebration they would don a white cap. Since the early days of the fountain, students have celebrated “May Day” by placing a cap on the head of Manta.
The Havis Amanda fountain sits at the foot of the National urban park called the Esplanadi. This elongated park, opened in 1818, has a wide pedestrian center with numerous benches and green space on either side. The historic Kappeli restaurant, open since 1867, and the Espa Stage, used for concerts, are at the eastern entrance to the Esplanadi. There are pieces of art throughout the Esplanadi including a statue of Finland’s national poet, Johan Ludvig Runeberg, at the very centre of the park. At the western end of the park, we find the Swedish language theatre aptly named, the Swedish Theatre. Originally built in 1860, it burned down just three years later. In 1866, it was rebuilt in neo-classical style, but in 1935 it was renovated and the richly decorated exterior was changed by the architects to a simpler “functionalist” style.
The Esplanadi has a street on either side of the park and the surrounding buildings, especially on the north side, have upscale shopping and restaurants. On the north west end of the park just across the street from the Swedish Theatre is the Stockmann Department Store. The iconic Stockmann building, the largest department store in the Nordic countries, was built in 1930 and the brand’s history dates back to 1858.
The Central Station, Art and A Chapel of Silence
Turning right at the Mannerheimintie street, we walk about 200 meters to Kaivokatu street where we can see the train station on the right. The Helsinki Central Station is the main hub for commuter and long-distance trains for approximately 200,000 people per day. The impressive Finnish granite building was inaugurated in 1919 and has a pair of statues standing guard while holding spherical lamps on each side of the grand entrance. Along with the “stone men,” the station is known for the clock tower on its east side. The Helsinki Central Station has a city metro station, restaurants and an underground shopping centre.
Beyond the train station is a huge open space called the Rautatientori, or Railway Square. On the south side of the square is the Ateneum, the museum of Finnish and international art. The museum, in a beautiful 1887 building, has Finnish works of art from the 18th century to the 20th century and is one of the three museums that form the Finnish National Gallery. In addition to the extensive art from Finland, it has over 600 international pieces.
Going back on Kaivokatu street we cross Mannerheimintie street to Simonkatu street and walk about a block. We will see a curious looking oval cylindrical building with a wood exterior. This is the very unique Kamppi Chapel or the “Chapel of Silence.” The chapel holds up to 60 people and is intended to be a place of calm and silence in a busy urban centre. The chapel is free to visit during opening hours.
Parliament and Museum District & Rock Church
After enjoying a moment of silence, we make our way back to Mannerheimintie street and continue along it until we reach Mannerheim Square and the equestrian statue of Marshall Gustaf Mannerheim. The bronze statue of the Finnish military leader and statesman was erected in 1960. The statue sits in front of the Kiasma, the museum of contemporary art, which was built in 1990. Like the Ateneum, the Kiasma is part of the Finnish National Gallery. Near the Kiasma, you will find the architecturally striking Helsinki Central Library Oodi, the Helsinki Music Centre, the National Museum of Finland and the event and congress center, Finlandia Hall. Across the street from the Mannerheim statue, we also find the Finnish Parliament building. The red granite parliament building with fourteen Corinthian columns was built in 1931.
Only a couple of minutes walk from the Mannerheim Square is the Temppeliaukion Kirkko, which is better known as the Rock Church. Designed by architect brothers Timo and Tuomo Suomalainen and opened in 1969, the Lutheran church was built into solid rock, and is filled with natural light from the large skylight that leads up to the copper dome. The acoustics in the church are exceptional and it is frequently used for concerts. The exposed rock walls of the church create an interesting backdrop for the altar and an interesting contrast with the church organ with 3001 pipes. The church welcomes over half a million visitors a year.
The Sibelius Monument and the Olympic Stadium
West of Helsinki’s city center is Seurasaarenselkä Bay. On the eastern side of the bay, you will find Sibelius Park and the Sibelius Monument. The monument, made from more than 600 hollow steel pipes, is dedicated to Finland’s greatest composer, Jean Sibelius. He is noted for having encouraged, through his works, the rise of a Finnish national identity and independence from Russia. In the center of the bay is the densely forested Seurasaari island which is home to the Seurasaari Open-Air Musuem. The museum has transplanted wooden buildings from throughout Finland.
In 1952, Helsinki was the host city for the 15th Olympiad and is the northernmost city to host the summer Olympics. The flame was lit by Finland’s greatest Olympian, runner Paavo Nurmi, who won 9 gold and 3 silver medals at the 1920, 1924 and 1928 games. The Olympic Stadium is located only two kilometers north of the city centre and was originally built for the 1940 Olympics that were cancelled due to the second World War. The stadium has undergone renovations in the early 1990s, in 2005 for the World Championships in Athletics, and another renovation phase was scheduled to be completed in 2020. Over time, the stadium has gone from being able to host 70,000 spectators to just over 40,000. The stadium today hosts mainly soccer games, athletics competitions and concerts. The stadium’s 72 meter tower is a Helsinki landmark and its height is equal to the length of Matti Järvinen’s gold medal javelin throw in the 1932 Summer Olympics. The stadium visitor center is located at the foot of the tower. While in Finland, you may want to try the alcoholic “Long Drink” that was developed to serve visitors to the 1952 Olympics. Locally the Long Drink is called a “Lonkero” and the original, a mix of gin and grapefruit soda, is made by Hartwall.
Not far from the Olympic Stadium is the Linnanmäki amusement park, which opened in 1950. The park is owned by a non-profit agency that operates the park to raise funds for Finnish child welfare programs. South of the park is Töölö Bay with a surrounding green space, walking paths and two important cultural centres, the Helsinki City Theatre and the Finnish National Opera and Ballet.
A couple of kilometers north of Linnanmäki is the 14,000 seat Hartwall Arena, which is the home of the KHL’s Jokerit hockey team. The arena was built in 1997 and is used mostly for basketball, hockey and concerts. In 2016, we had a large group of Canadian hockey fans in Helsinki for the IIHF World Junior Hockey Championships, and the Hartwall Arena was the main venue for the tournament. Finland won gold with a team loaded with future NHLers Sebastian Aho, Patrick Laine, Mikko Rantanen, Kasperi Kapanen, Olli Juolevi and tournament MVP Jesse Puljujarvi. The atmosphere in the arena was electric with thousands of patriotic Finns erupting in joy at the final whistle. If Canada can’t win, the next best thing is to get caught up in the passion of the local fans.
In the fall of 2018, we had a group of Edmonton Oilers fans in Gothenburg, Sweden for the NHL season’s opening game against the New Jersey Devils. At the end of the tour, we took the overnight ferry from Stockholm to Helsinki. During our city tour, we stopped at the Hartwall arena and we surprised the group with a meeting with Oilers legend Jari Kurri. After many photos and autographs, Kurri, who was the General Manager of local team Jokerit, graciously talked hockey and watched practice with us.
The Suomenlinna, or Sveaborg, is an inhabited sea fortress built on eight islands south east of the city centre at the entrance to Helsinki harbour. A UNESCO World Heritage site, it was originally founded by the Swedes in 1748, but in 1808, the fortress was overtaken by Russia. It remained in Russian control until Finnish independence in 1918. The fortress welcomes over half a million tourists and locals annually. The summer months are especially busy and Suomenlinna can be easily reached by a short ferry ride from Market Square.
There are just under 1000 permanent residents on Suomenlinna and just under 400 people who work on the island year-round. Some of the reconstruction of the fortifications and general maintenance is done by volunteer inmates, who are part of an on-site minimum-security penal labour colony. A guided visit to the fortress includes Great Castle Courtyard, Piper’s Park and the large Dry Dock. There are various museums at Suomenlinna including one detailing the life of Swedish officers in the 18th century, a toy museum, a military museum, a submarine museum and a customs museum. The main Suomenlinna Museum, located in the Suomenlinna Centre, details the history of the fortress and its restoration.
Ferry to Stockholm, Tallinn, Riga and St. Petersburg
Getting around the Baltic Sea is easy with the numerous daily sailings by large ferry boats that include onboard shopping, restaurants, entertainment, and cabin quarters for overnight trips.
From the Helsinki Harbour in the city center, there are two sailings per day to Stockholm, Sweden. The Tallink Silja line uses the Olympia Terminal on the west side of the harbour, while the Viking Line has their terminal on the east side of the harbour on Katajanokka island. The overnight ferries leave in the early evening, and arrive in Stockholm the next morning, about 17 hours later. Prices for a return trip are very affordable.
The newer West Harbour outside of the city center is where you can catch the numerous daily two hour ferries to Tallinn, Estonia. A day trip to Tallinn departing Helsinki in the morning and returning in the evening is common although I would recommend a stay in Tallinn if you have time. The West Harbour is also where you can take the St. Peters Ferry to St. Petersburg, Russia, and with a stay of less that 72 hours you can do it without a visa. These are the main ferry routes, but there may be ferry services to Latvia, Germany and other destinations available.
Lets Go To Helsinki
Even though Helsinki is young city by European standards, it is a great place to visit. In addition to the activities and sights I have outlined here, other parts of Finland, including Lapland, are worth exploring. I have found people in Finland to be friendly, warm, open and sincere. Finland is very safe, and the country regularly ranks high on the list of the best places to live in the world. With convenient and low cost travel by ferry to neighboring countries, it is an easy add to any itinerary of the Baltic region. I look forward to returning to Helsinki with a hockey or ringette group very soon, and in 2027, Finland is scheduled to host the World Juniors again.
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Danielle Smith warns Trudeau gov’t she’s going ahead with natural gas projects despite regulations
‘We’re not going to sit and wait while they break the law, drag their feet, make us take them to court, spend years creating economic uncertainty for our investors’
After Environment Minister Steven Guilbeault brushed off Alberta Premier Danielle Smith’s invocation of the “Sovereignty Act” as being merely “symbolic,” the Alberta leader warned him that her province will be building new gas-fired power plants regardless of his new “clean energy” rules.
“Well, he [Guilbeault] will learn that if he does not back down from his outrageous and unconstitutional targets of 2035, it’ll be more than symbolic,” said Smith Tuesday after being asked by a reporter about Guilbeault’s comments.
“We’ll proceed with developing our baseload power on natural gas with the best available technology.”
Smith said that the use of the Sovereignty Act, which was invoked on Monday for the purpose of shielding Alberta from future power blackouts due to federal government overreach, will help the province “make sure that we are able to shield any corporation from any kind of criminal liability.”
“Whether that means that we have to de-risk it by being the generator of last resort or we have to purchase some of those plants so that we operate them ourselves, so that we’re able to continue on with having a reliable power grid,” she said.
The Sovereignty Act resolution calls on Alberta’s cabinet to “order all provincial entities not to recognize the constitutional validity of, enforce, nor cooperate in the implementation of the CERs [Clean Electricity Regulations] in any manner, to the extent legally permissible.”
Guilbeault on Monday came out with a statement concerning Alberta’s invocation of the Sovereignty Act, claiming that its use will “create fear and uncertainty over collaboration and positive results for Albertans.”
He also later claimed while speaking to reporters that Smith’s action using the Sovereignty Act is just “symbolic.”
After announcing Monday that she has had “enough” of Prime Minister Justin Trudeau’s extreme environmental rules, Smith said her province has no choice but to assert control over its electricity grid to combat federal overreach.
Unlike most provinces in Canada, Alberta’s electricity industry is nearly fully deregulated. However, the government still has the ability to take control of it at a moment’s notice.
A draft version of the federal government’s CERs introduced by Guilbeault projects billions in higher costs associated with a so-called “green” power transition, especially in the resource-rich provinces of Alberta, Saskatchewan, New Brunswick, and Nova Scotia, which use natural gas and coal to fuel power plants.
Business executives in Alberta’s energy sector have also sounded the alarm over the Trudeau government’s “green” transition, saying it could lead to unreliability in the power grid.
‘We’re not going to sit and wait while they break the law’
While speaking to reporters Tuesday, Smith noted how Alberta will proceed with ensuring its power grid is stable and secure, and that the province will not “sit and wait” around for the Trudeau government to continue breaking “the law.”
“So, there’s this is just the indication that we’re moving on this. We’re not going to sit and wait while they break the law, drag their feet, make us take them to court, spend years creating economic uncertainty for our investors,” said Smith.
“We’re going to start commissioning those plants now because we need them now.”
The Smith government said that while it does not like the route of taking back power production under state control, it says this is the only way the province can keep the current Liberal government, or any other future government, from interfering in provincial power production.
Two recent court rulings dealt a serious blow to the Trudeau government’s environmental activism via legislation. The most recent was when the Federal Court of Canada on November 16, 2023, overturned the Trudeau government’s ban on single-use plastic, calling it “unreasonable and unconstitutional.”
The Federal Court ruled in favor of the provinces of Alberta and Saskatchewan by stating that Trudeau’s government had overstepped its authority by classifying plastic as “toxic” as well as banning all single-use plastic items, like straws, bags, and eating utensils.
The second victory for Alberta and Saskatchewan concerns a Supreme Court ruling that stated that Trudeau’s law, C-69, dubbed the “no-more pipelines” bill, is “mostly unconstitutional.” The decision returned authority over the pipelines to provincial governments, meaning oil and gas projects headed up by the provinces should be allowed to proceed without federal intrusion.
The Sovereignty Act resolution calls on Alberta’s cabinet to “order all provincial entities not to recognize the constitutional validity of, enforce, nor cooperate in the implementation of the CERs in any manner, to the extent legally permissible.”
It also orders that the province investigate the “feasibility of establishing a provincial Crown corporation for the purpose of bringing and maintaining more reliable and affordable electricity onto the grid in the event that private generators find it too risky to do so under the CERs.”
The Trudeau government’s current environmental goals – in lockstep with the United Nations’ “2030 Agenda for Sustainable Development” – include phasing out coal-fired power plants, reducing fertilizer usage, and curbing natural gas use over the coming decades.
The reduction and eventual elimination of the use of so-called “fossil fuels” and a transition to unreliable “green” energy has also been pushed by the World Economic Forum (WEF) – the globalist group behind the socialist “Great Reset” agenda – an organization in which Trudeau and some of his cabinet are involved.
Alberta’s projected surplus balloons: Mid-year budget update
Mid-year update: Keeping Alberta’s finances on track
Alberta’s government continues to manage the province’s finances responsibly with the future in mind.
Alberta continues to lead the nation in economic growth and is forecasting a surplus of $5.5 billion in 2023-24, an increase of $3.2 billion from Budget 2023. The province’s fiscal outlook continued to improve in the second quarter of 2023-24, boosted by strong bitumen royalties and higher income tax revenues.
However, volatile oil prices, continued inflation challenges and uncertainty due to slowing global growth could still affect the province’s finances going forward. Debt servicing costs will be higher than previous years due to higher interest rates, reinforcing the importance of the government’s commitment to balance the budget.
“Alberta continues to stand out as a leader when it comes to fiscal stability and economic resilience in the midst of so much global uncertainty. Our second-quarter fiscal update is another positive report, showing strength in Alberta’s finances and economy and positioning us for future growth and prosperity.”
The government continues to spend responsibly, maintaining its commitment to keep funds in the province’s contingency for disasters and emergencies. The government’s new fiscal framework requires the government to use at least half of available surplus cash to pay down debt, freeing up money that can support the needs of Albertans for generations. The government continues to reduce the province’s debt burden and will pay down a forecasted $3.2 billion in debt this fiscal year.
Alberta’s government is turning its focus to developing next year’s budget, so it supports Albertans’ needs and the province’s economic growth while maintaining the government’s commitment to responsible spending within the fiscal framework. Budget 2024 consultations are open and Albertans are encouraged to share their feedback to help set the province’s financial priorities.
- Revenue for 2023-24 is forecast at $74.3 billion, a $3.7-billion increase from Budget 2023. The increase is due to increases across different revenue streams. In addition, the price of West Texas Intermediate (WTI) oil is forecast to average US$79 per barrel over the course of the fiscal year, in line with the Budget 2023 forecast.
- Personal and corporate income tax revenue is forecast at $21.8 billion, $1.8 billion higher than at budget.
- Bitumen royalties are forecast at $14.4 billion, an increase of $1.8 billion from budget.
- Overall resource revenue is forecast at $19.7 billion, $1.3 billion higher than the budget forecast.
- Beginning in 2024, Alberta’s government will continue to offer fuel tax relief when oil prices are high, even as the province transitions back to the original fuel tax relief program, which is based on average quarterly oil prices.
- Albertans will save some or all of the provincial fuel tax on gasoline and diesel when oil prices are $80 per barrel or higher during each quarter’s review period.
- Although oil prices have been below $80 in recent weeks, Albertans will continue to save at least four cents per litre on the provincial fuel tax in the first three months of 2024 as the tax is phased back in.
- The government’s fuel tax relief efforts, which include the pause to the end of 2023 and additional savings over the first three months of 2024, are forecast to reduce other tax revenue by $524 million in 2023-24.
- Expense for 2023-24 is forecast at $68.8 billion, a $481-million increase from Budget 2023.
- Capital grants are up marginally from Budget 2023, but down from the first-quarter forecast, mainly due to funding schedules for Calgary and Edmonton LRT projects.
- Debt servicing costs are forecast to increase $309 million from budget, a reflection of ongoing high interest rates and inflation.
- Total expense has increased by $1.9 billion, $0.5 billion is directly offset by revenue and $1.4 billion is absorbed by the $1.5-billion contingency.
- In total, $123 million of the 2023-24 contingency remains unallocated.
- $1.2 billion in disaster and emergency costs are forecast for the current fiscal year.
- $750 million for fighting wildfires in the province
- $165 million for AgriRecovery to support livestock producers affected by dry conditions
- $253 million to provide financial assistance to communities for uninsurable damage from spring wildfires and summer flooding
- $61 million for evacuation and other support
- The operating expense forecast has increased by $319 million, including an additional:
- $301 million for Health
- $48 million for Advanced Education
- $48 million for Energy and Minerals
- $33 million for Mental Health and Addiction
- $30 million for Education
- $14 million for Indigenous Relations
- Offset by decreases of $187 million for lower-than-expected program take-up of affordability payments and re-profiling of TIER spending to 2024-25.
Alberta Heritage Savings Trust Fund
- The Alberta Heritage Savings Trust Fund’s market value on Sept. 30, 2023, was $21.4 billion, up from the $21.2 billion reported at March 31, 2023.
- The Heritage Fund returned 0.9 per cent over the first six months of 2023-24.
- Over the five-year period ending on Sept. 30, 2023, the Heritage Fund returned 5.9 per cent, which is 0.5 per cent above the return of its passive benchmark. While the Heritage Fund is outperforming its benchmark return, it is below the long-term real return target of 6.9 per cent, again a result of interest pressures.
- The Heritage Fund generated net investment income of $1 billion in the first half of the fiscal year.
- Alberta’s economy continues to be resilient, with continued growth projected over the three-year forecast.
- Alberta’s real gross domestic product (GDP) is expected to grow 2.8 per cent in 2023, in line with the Budget 2023 forecast.
- Despite interest rate increases, high prices and slower global economic growth, Alberta’s economy is forecast to keep expanding. The pace of growth, however, will be slower compared with the last two years when the province was recovering from the pandemic.
- The amount of surplus cash available for debt repayment and the Alberta Fund is determined after a number of required cash adjustments have been made. For 2023-24, this includes $5.1 billion from the 2022-23 final results to start the year.
- The Alberta Fund contribution for 2023-24 is forecast at $1.6 billion.
- Money in the Alberta Fund can be used toward additional debt repayment, the Heritage Savings Trust Fund, or one-time initiatives that do not permanently increase government spending.
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