WORK 2019-Mar-30 Myke Thomas 415

It\'s the economy, stupid

Back in the 1992 U.S. presidential election campaign, Bill Clinton introduced two classic campaign slogans: ‘change versus more of the same’ and the more familiar one, a variation of ‘it’s the economy, stupid.’

At the very least, the one about the economy applies to the Alberta provincial election campaign.

The only way to improve the Alberta economy is creating new jobs that attract new people to work and live in the province.

Immigration, especially from within Canada, fuels all aspects of the economy: Home sales; retail; hospitality; paying taxes and more.

When the economy originally tanked, international immigration to Alberta slowed to a crawl, while inter-provincial immigration turned negative.

There has since been a turnaround.

According to new population estimates released by Statistics Canada, Alberta’s population grew by 63,115 between 2017 and 2018, an increase of 1.5 percent, the third highest growth rate among the provinces.

The top two provinces, Ontario and Prince Edward Island, were tied at 1.8 percent. In absolute terms, Ontario added 251,312 people, while P.E.I. added 2,678. Newfoundland and Labrador was the only province to shrink, posting a loss of 3,212 (-0.6 percent).

Net international migration accounted for 49.3 percent of Alberta’s total population growth last year. This was followed closely by natural increase (births less deaths) at 48.4 percent.

However, only 1,438 people from other parts of Canada moved to Alberta in 2018, 2.3 percent of the total.

Job creation will result in increased population growth from within Canada, which will be the economy rebound.

Actually, both of Clinton’s slogans are applicable in Alberta this spring..

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