Don’t allow the NDP rumours to stop you from being a strategic investor.
Late in the evening of May 5, just hours after NDP leader Rachel Notley had been declared the premier-elect of Alberta, it began to snow in Edmonton. It didn’t stop for almost 24 hours. It was the wet, heavy stuff, piling up on the budding leaves of spring and bringing down branches and entire trees. Needless to say, there were plenty of “hell has finally frozen over,” and “it’s going to be like this for the next four years” jokes.
But that’s what they were: jokes. By and large it’s business as usual in Alberta. The oil’s still flowing (or it’s still in the ground, to be extracted at a later date). Edmonton is still a forest of cranes, with 21 developments going on in a four-by-10-block stretch of downtown. Calgary’s still in a slowdown, but that’s more because of the price of oil than because of the stripe of the provincial government.
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