Politics · Canada · 6 hrs ago

Economic frustration is adding momentum to Alberta's separation movement

Economic frustration is adding momentum to Alberta's separation movement

Alberta is a wealthy Canadian province, with major oil and gas resources and no provincial sales tax.

But many residents say they have not felt that prosperity in their own lives.

After oil prices fell in 2014, Alberta went into recession in 2015 and 2016, and purchasing power has since remained below its 2014 level.

Unemployment has been above the national average since 2016, while average weekly earnings have struggled to keep up with inflation.

These pressures have helped give momentum to the movement for Alberta to leave Canada.

On Oct.

19, voters will decide whether to direct the province to begin the process for a binding referendum on separation, not whether to separate immediately.

Some supporters want the vote to push Ottawa to address concerns including equalization, political representation and access to markets.

The story also notes that independence could bring financial risks, but does not detail what they are.

Sources

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