DIRS.INFO The most relevant business & tech news

☆ Canada says Alberta leaving CPP would add to economic uncertainty
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Susana Vera/File Photo Acquire Licensing RightsOTTAWA, Nov 3 (Reuters) - If the Canadian province of Alberta carries out a threat to withdraw from the Canada Pension Plan (CPP) it would add to economic uncertainty and hurt everyone in the country, federal Finance Minister Chrystia Freeland said on Friday. The so-called Alberta Pension Protection Act would require Albertans to vote in favor of a pension plan for the province during a public referendum before the provincial government would seek to withdraw assets, said the statement. But when asked whether she found it realistic that Alberta was entitled to 53% of CPP assets in 2027, according to a study commissioned by the Alberta government, Freeland said she did not. Freeland also cautioned that the Alberta government would need to negotiate how Canadians could live and work anywhere in Canada without jeopardizing their retirement. "Alberta would need to negotiate complex time-consuming portability agreements with the CPP and with the Quebec pension plan," she said.

Persons: Finance Chrystia Freeland, Susana Vera, Chrystia Freeland, Freeland, Danielle Smith's, Smith, Justin Trudeau, Pierre Poilievre, Maiya Keidan, David Ljunggren, Kirsten Donovan Organizations: Finance, IMF, World Bank, REUTERS, Rights OTTAWA, Canada, federal, Conservative Party, Thomson Locations: Marrakech, Morocco, Canadian, Alberta, Canada, Quebec, Toronto, Ottawa

☆ Canada warns of economic uncertainty if Alberta quits national pension plan
▼ + stars: | 2023-11-03 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Susana Vera/File Photo Acquire Licensing RightsOTTAWA, Nov 3 (Reuters) - Canada will face rising economic uncertainty if the province of Alberta carries out a threat to withdraw from the Canada Pension Plan (CPP), federal Finance Minister Chrystia Freeland said on Friday. Alberta Finance Minister Nate Horner later on Friday said the province would not leave fellow Canadians without a stable pension and its associated benefits. "For the past several weeks, Alberta has been having an open discussion about the possibility of establishing an Alberta Pension Plan that will benefit our seniors and workers," he said. The so-called Alberta Pension Protection Act would require Albertans to vote in favor of a pension plan for the province during a public referendum before the provincial government would seek to withdraw assets, the statement said. "Alberta would need to negotiate complex time-consuming portability agreements with the CPP and with the Quebec Pension Plan," she said.

Persons: Finance Chrystia Freeland, Susana Vera, Chrystia Freeland, Freeland, Nate Horner, Justin Trudeau's, Danielle Smith's, Smith, Trudeau, Pierre Poilievre, Maiya Keidan, David Ljunggren, Kirsten Donovan, Paul Simao Organizations: Finance, IMF, World Bank, REUTERS, Rights OTTAWA, Canada, federal, Alberta, Liberal, Danielle Smith's United Conservative Party, Conservative Party, Thomson Locations: Marrakech, Morocco, Canada, Alberta, Quebec, Toronto, Ottawa

☆ Explainer: What's at stake as Alberta seeks to split from Canada Pension Plan
▼ + stars: | 2023-11-01 | by ( Maiya Keidan | ) www.reuters.com time to read: +4 min

TORONTO, Nov 1 (Reuters) - Canadian Finance Minister Chrystia Freeland will seek to challenge Alberta Premier Danielle Smith's plan to pull her province out of the Canada Pension Plan (CPP), in a meeting with provincial and territorial counterparts on Friday. A nationwide pension scheme called CPP that took contributions from paychecks began in the late 1960s. CPP Investments - an entity to manage its assets - was created in 1997 by the Canada Pension Plan Investment Board Act. AIMCo has not been considered a vehicle for a new Alberta pension plan. If Alberta walks away with more than 22.5% of assets, CPP contributions from everywhere else in the country would have to increase, Tombe estimates.

Persons: Chrystia Freeland, Danielle Smith's, Justin Trudeau, Pierre Poilievre, paychecks, AIMCo, SMITH, Smith, Patrik Marier, Trevor Tombe, Tombe, Maiya Keidan, Deepa Babington Organizations: TORONTO, Canadian Finance, Canada, Conservative Party, CPP Investments, Plan Investment, Investments, Alberta Investment Management Corp, Concordia University, University of Calgary, British Columbia, Thomson Locations: Quebec, Alberta, Ottawa, ALBERTA, Western, Ontario

May 29 (Reuters) - United Conservative Party (UCP) leader Danielle Smith's election victory in Canada's main oil-producing province Alberta on Monday is likely to herald further friction with Liberal Prime Minister Justin Trudeau, particularly over climate change. The populist premier's win signals a further rightward shift in the traditionally conservative province, and comes despite a series of controversies and gaffes from Smith, 52, since she first became premier in October. In her victory speech, Smith was quick to take aim at Trudeau and what she described as the federal government's "harmful policies". "As premier I cannot under any circumstances allow these contemplated federal policies to be inflicted upon Albertans. In early 2022 she announced plans to run for leadership of the United Conservative Party, which was born in 2017 from a merger of the Progressives Conservatives and Wildrose Party.

☆ Alberta heads to the polls with Canada's green agenda in balance
▼ + stars: | 2023-05-29 | by ( Nia Williams | ) www.reuters.com time to read: +4 min

[1/2] Alberta Premier Danielle Smith speaks during the Canada Strong and Free Networking Conference in Ottawa, Ontario, Canada March 23, 2023. The battle between populist Premier Danielle Smith's United Conservative Party (UCP), which is seeking a second consecutive term, and Rachel Notley's left-leaning New Democratic Party (NDP) is expected to be extremely close, pollsters say, even though Alberta is traditionally a conservative bastion. Alberta is Canada's highest-emitting province, largely due to vast oil sands operations in the northern boreal forest and produces 80% of the country's 4.9 million barrels per day of crude oil. She held another major rally in NDP stronghold and Alberta capital Edmonton on Sunday. Polls are open from 9 a.m. to 8 p.m. local time and the result is expected to be called late Monday night.

☆ Factbox: Biggest issues in Canadian province of Alberta's May 29 election
▼ + stars: | 2023-05-29 | by ( ) www.reuters.com time to read: +3 min

Below are the main issues in the election:HEALTHCAREIn the wake of the COVID-19 pandemic, healthcare has become a big issue in Alberta. The UCP last month committed to keeping Alberta's publicly-funded healthcare system, contrasting with comments previously made by Smith about dismantling universal healthcare paid for by taxpayers. The UCP has pledged to lower taxes by creating a new 8% tax bracket on income under C$60,000 ($44,033.47). ENERGY AND CLIMATEBoth the UCP and NDP are supportive of the energy sector, recognising it as Alberta's main economic engine. ($1 = 1.3626 Canadian dollars)Reporting by Nia Williams; Editing by Paul SimaoOur Standards: The Thomson Reuters Trust Principles.

☆ Alberta wildfire fighters hope rain, cooling bring relief
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +2 min

[1/3] Smoke rises from the Stoddart Creek wildfire near Fort St. John, British Columbia, Canada May 13, 2023. Amid hot, dry conditions, forecasters were tracking a front likely to move into the province on Sunday that should bring much-needed relief, including humidity and even rain, Christie Tucker, information unit manager at Alberta Wildfire, said at a Saturday briefing. "That will help us more than a short burst that would bring lightning and could spark a new wildfire." Alberta is enduring energy production cuts, home evacuations and poor air quality after an intense start to the wildfire season. This year, Alberta Wildfire responded to 496 wildfires burning more than 842,000 hectares, compared with just 459 hectares in 2022.

☆ Alberta on high alert for wildfire upsurge over scorching holiday weekend
▼ + stars: | 2023-05-20 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

[1/2] A Sky crane helicopter dumps water on the Eagle Wildfire Complex near Fox Creek, Alberta, Canada May 19, 2023. Record-high temperatures and lack of rain this year have led to widespread fires burning nearly 830,000 hectares (2 million acres) of land in Alberta, about 10 times the size of the province's largest city, Calgary, according to Alberta Wildfire. "We will all be on high alert this weekend," Christie Tucker, information unit manager at Alberta Wildfire, said on Friday. The wildfires have tested Alberta Premier Danielle Smith's disaster management skills ahead of a provincial election on May 29. Some 275 houses, businesses and other properties had been damaged, while more than 10,000 people remained evacuated by Friday, according to Alberta government officials.

☆ Wildfire risk spurs Alberta to close parks, urge caution ahead of holiday weekend
▼ + stars: | 2023-05-19 | by ( Ismail Shakil | ) www.reuters.com time to read: +2 min

[1/2] Leslie Kramer walk her dogs as some 90 wildfires are active in Alberta, with 23 out of control, according to the provincial government, in Calgary, Alberta, Canada May 16, 2023. Traditionally, residents spend the Victoria Day weekend outside as families take advantage of the warmer weather to go camping or enjoy other outdoor activities. The long weekend in May has usually seen an uptick in seasonal wildfires, some of which are accidentally caused by people, according to Alberta Wildfire. With abnormally hot and dry weather forecast until at least early next week, Alberta has preventively closed some provincial parks and campgrounds for the weekend and imposed a fire ban. Consultancy firm Rystad Energy has estimated nearly 2.7 million barrels per day of Alberta oil sands production in May is at risk in "very high" or "extreme" wildfire danger rating zones.

☆ No respite for wildfire-hit Alberta as conditions set to worsen
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +2 min

[1/3] Leslie Kramer walk her dogs as some 90 wildfires are active in Alberta, with 23 out of control, according to the provincial government, in Calgary, Alberta, Canada. Record-high temperatures and tinder-dry vegetation have led to an intense, early start to wildfire season in western Canada this year. Alberta has been the worst-hit, with about 91 wildfires burning, including 27 out of control, as of Wednesday. On Wednesday, consultancy firm Rystad Energy said nearly 2.7 million barrels per day (bpd) of Alberta oil sands production in May is at risk in "very high" or "extreme" wildfire danger rating zones. Of estimated May production volumes, about 60% are subject to extreme wildfire danger levels, with the remaining 40% subject to very high danger, Oslo-based Rystad said.

☆ Alberta wildfires hit gas flow out of Canada to US, spiking prices
▼ + stars: | 2023-05-18 | by ( ) www.reuters.com time to read: +3 min

[1/4] Smoke rises above the southeast perimeter of the Paskwa fire (HWF030) as it burns near Fox Lake, Alberta, Canada May 16, 2023. Alberta Wildfire/Handout via REUTERSOTTAWA, May 18 (Reuters) - Alberta officials on Thursday warned more wildfires could spread in next few hot and dry days, even as firefighters make progress in tackling widespread blazes that have slowed the outflow of natural gas from Canada into the United States, spiking prices. There were about 92 active wildfires and over 10,000 people out of their homes as of Thursday, Alberta officials told a daily briefing. "Firefighters can experience challenging conditions in hot, dry and windy weather, but progress has been made on many active wildfires," said Christie Tucker, information unit manager at Alberta Wildfire. "We are expecting and preparing for more active wildfire behavior today and over the next few days," she said.

Search resuls for: "Danielle Smith's"

11 mentions found