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Alberta

Premier Kenney Goes Ballistic on President Biden and PM Trudeau in defence of Keystone XL

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The day before President Biden’s inauguration, the incoming government announced the President would rescind the Presidential permit for the Keystone XL Pipeline.  True to his word, one of the first actions of the new President was to retroactively cancel the pipeline which is partially owned by the Canadian Government.
Considering the massive investment by the Province of Alberta which would leave Alberta taxpayers also on the hook for about a billion dollars, Premier Jason Kenney has been speaking out loudly and aggressively.   Premier Kenney has used strong language including “This is not now you treat a friend and ally.”
Regarding Canada’s response (The federal government is a part owner of the pipeline) Kenney is also calling on Prime Minister Trudeau and the federal government to stand up and retaliate with statements such as. “When the former Trump administration slapped punitive tariffs on Ontario and Quebec steel and aluminum in 2018, the Trudeau government imposed $16 billion worth of countervailing tariffs on U.S. goods the very same day.  By contrast, when Alberta oil was attacked on Wednesday: nothing.”
Here are statements Premier Kenney has released over the last three days in full:

January 19

“Canada should be President Biden’s first priority in re-establishing U.S. energy security. Canada is the environmental, social and governance (ESG) leader among global energy powers.
Alberta’s oilsands, once a source of carbon intensive barrels, has reduced carbon intensity by over 20 per cent in the past nine years. The average barrel produced in Canada is now cleaner than one produced in California.
Canada leads the world in key environmental categories like methane regulation, water use, and innovations like carbon capture and sequestration; and individual Canadian firms hold the top ESG scores in the industry.
TC Energy, the builder of KXL, has also committed to being net zero by 2030, ahead of its US peers, and hire a U.S. union workforce.
You won’t get those commitments from Venezuelan shippers.
Canada’s oil reserves are vast at 170 billion barrels, making Alberta’s oilsands the third largest supply in the world, holding more oil than Russia, China and the USA combined. Keystone XL secures access to this strategic supply for purpose-built U.S. refining capacity in the Gulf.
On environmental and strategic grounds this should be far preferable to carbon-intensive rail transit — or alternate supply from Venezuelan tankers.”

January 20

The United States is our most important ally and trading partner. Amongst all of the Canadian provinces, Alberta has the deepest economic ties to the United States with $100 billion worth of exports, and strong social connections that go back over a century.
As friends and allies of the United States, we are deeply disturbed that one of President Biden’s first actions in office has been to rescind the Presidential permit for the Keystone XL Pipeline border crossing.
My thoughts are with the 2000 people who lost their jobs today, and all those who are coping with the devastating consequences of this decision.
The US State Department’s own exhaustive analysis conducted under President Obama’s administration concluded that Keystone XL would actually reduce emissions, as the alternative will be to move this energy by higher emitting and less secure rail transport.
The Government of Canada has more ambitious emissions goals than the new US Administration, and our provincial government is investing billions of dollars in the development of emissions reductions technology.
This means that Alberta, Canada, and the Keystone XL pipeline are part of the solution in the energy transition.
For months we’ve been told that the Biden transition team would not communicate with foreign governments on this or other issues. And now a decision has been made without even giving Canada a chance to communicate formally with the new administration.
That’s not how you treat a friend and ally.
We will continue to fight for Alberta’s responsible energy industry, and for the 59,000 jobs that this project would create.
Alberta’s government calls for the federal government and Prime Minister Trudeau to immediately enter into talks with the Biden administration on their cancellation of the Keystone XL pipeline in the context of a broader agreement on energy supply and climate action.
Failing an agreement with the American government, we call on the Government of Canada to respond with consequences for this attack on Canada’s largest industry. We are not asking for special treatment, simply the same response that Canada’s government had when other areas of our national economy were under threat from the US government.

January 21

“He has been so anti-oil himself during his five-plus years in office (including not objecting loudly to the Obama administration’s first cancellation of Keystone in 2015), that the incoming Biden administration must have known our Liberals wouldn’t put up much of a stink if it killed Keystone.
When the former Trump administration slapped punitive tariffs on Ontario and Quebec steel and aluminum in 2018, the Trudeau government imposed $16 billion worth of countervailing tariffs on U.S. goods the very same day.
By contrast, when Alberta oil was attacked on Wednesday: nothing.
Also, Trudeau can be blamed for making the death of Keystone matter so much. Had Trudeau not killed two other all-Canadian pipelines — Energy East and Northern Gateway — the end of Keystone wouldn’t be such a crippling blow.”

From January 20

After 15 years as a TV reporter with Global and CBC and as news director of RDTV in Red Deer, Duane set out on his own 2008 as a visual storyteller. During this period, he became fascinated with a burgeoning online world and how it could better serve local communities. This fascination led to Todayville, launched in 2016.

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Alberta

Hot rental market makes search ‘stressful’ for many — and it won’t get better soon

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Marissa Giesinger is pictured in Calgary, Thursday, Sept. 21, 2023. On the hunt for a rental home in Calgary over the last six weeks, Giesinger and her boyfriend trawled through listings morning, noon and night, only to find most come along with dozens of applications and a steep price tag. THE CANADIAN PRESS/Jeff McIntosh

By Tara Deschamps in Toronto

On the hunt for a rental home in Calgary over the last six weeks, Marissa Giesinger and her boyfriend trawled through listings morning, noon and night, only to find most come along with dozens of applications and a steep price tag. As an added difficulty, many landlords are unwelcoming to the couple’s brood — dogs Kado and Rosco and a cat named Jester.

“We made the tough decision recently to house our dogs with someone else until we can find a place that’s affordable and we can take both of them,” said Giesinger, a 23-year-old Mount Royal University student.

“It’s definitely been stressful.”

The competitive rental market Giesinger has encountered in Calgary is being seen across the country as multiple factors combine: high interest rates deter buyers and add to rental demand, still-high inflation is squeezing renter budgets, there’s an undersupply of purpose-built rental units and population growth is fuelling demand.

These conditions have left prospective renters feeling even more frustrated than usual by sky-high rents, the frenzy of interest that surrounds any affordable listing and the litany of demands landlords can make when so many people are interested in their home.

Giacomo Ladas, communications director for Rentals.ca, calls it “almost a perfect storm” — and it isn’t likely to ease up any time soon.

“What this does is create such a burden on this rental housing market that even though we’re out of the (busy) summer rental season, there’s so much demand that (these conditions are) going to continue like this until the fall and into the winter,” he said.

Data crunched by his organization and research firm Urbanation.ca shows average asking rents for newly-listed units in Canada increased 1.8 per cent between July and August and 9.6 per cent from a year earlier to reach a record high of $2,117 last month.

Between May and August, asking rents in Canada increased by 5.1 per cent or an average of $103 per month.

When Giesinger rented a two-bedroom basement unit with a roommate a few years ago, the duo paid $1,000 per month, but now she routinely spots “super tiny,” one-bedroom places for $1,350 a month.

“If you want a basement suite or an apartment, you’re looking at minimum $1,200 and that doesn’t include any utilities or anything like that unless it’s a super rare listing,” Giesinger said.

Rentals.ca data show newly listed one-bedroom properties in Calgary priced at an average $1,728 per month in August, up 21.6 per cent from a year earlier. Two-bedroom homes have climbed 17.4 per cent to $2,150 over the same period.

The picture in Vancouver and Toronto is far bleaker. Rentals.ca found the cities had the highest rents in the country.

Newly-listed one-bedroom properties in Vancouver averaged $2,988 in August, up 13.1 per cent from a year earlier, while two-bedroom units hit $3,879, an almost 10 per cent increase year-over-year.

Newly-listed Toronto one-bedroom homes averaged $2,620 in August, up almost 11 per cent from the year before, while two-bedroom properties had a 7.1 per cent rise over the same time frame to $3,413.

It’s numbers like these that have convinced Kanishka Punjabi to abandon her hopes of moving in the near term.

“Two days ago, I gave up on my search because the rental market is that bad,” she said.

The public relations worker has been living in Mississauga, Ont., but felt it was time to find a home in downtown or midtown Toronto, closer to where she works.

However, few of the two-bedroom homes she spotted in her two-month search were within her $2,800 budget.

For example, one apartment she liked at the intersection of Yonge and Eglinton streets had 25 offers in just over a week.

“Some people actually just sent in their offer without looking at the apartment too because there are so many people who are in desperate need of rental units,” said Punjabi. “There’s just not enough.”

The Canada Mortgage and Housing Corp. has projected that the country needs to build 3.5 million additional homes beyond what’s planned before the market reaches some semblance of affordability.

It also calculated that the annual pace of housing starts — when construction begins on a home — edged down one per cent in August to 252,787 units compared with 255,232 in July.

Despite the nudge down, Rishi Sondhi, an economist with TD Bank Group, said it has been a strong year for starts because the industry is responding to elevated prices by building at a robust pace.

But between population growth and rising interest rates, he said, “supply is struggling to keep up with demand” and that’s bound to weigh on renters for quite some time.

“In the short term, it would be unrealistic to expect too much of a reprieve simply because population growth is likely to remain strong through the duration of this year — and that’s really one of the big fundamental drivers,” he said.

“In addition, it’s unlikely to expect affordability in the ownership market to improve too much either because we think the Bank of Canada (key rate) is going to be on hold for the remainder of the year, but there is some risk that they take rates even higher, especially if inflation doesn’t co-operate.”

For renters like Giesinger that message puts even more pressure on her to settle on a place soon.

“Now I’m scrambling to find the money for a deposit and we’re still never really sure like what kind of place we’re going to get,” she said.

“And when you’re battling dozens of other people for a rental it can be super stressful.”

This report by The Canadian Press was first published Sept. 24, 2023.

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Alberta

UCP asks Albertans to consider an Alberta Pension Plan

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News release from the United Conservative party

The Government of Alberta is starting a public engagement to discuss the possibility of creating an Alberta Pension Plan.
You might be wondering, what’s in it for you? Learn more by watching the short video below:

The government is eager to hear your views. To find more information, and participate in a survey, tap the button below.

FIND OUT MORE

Albertans deserve a pension plan that reflects their hard work and earnings, and it is up to Albertans to decide which pension plan that is.
-Your UCP Team

TAKE THE SURVEY

 

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