Alberta
Nothing stops the Loyal Company of the River Valley
Imagine loving a team so much that you do a podcast about it. And then the team folds. What do you do?
If you’re soccer fans Nathan Terlesky and Adam Huber, you keep going. Your show, called Loyal Company of the River Valley, goes on (CLICK to listen). You get involved in the movement to resurrect FC Edmonton, and you campaign to get it into the new Canadian Premier League. You push ticket sales, and you help start a new supporters group, and you keep the flame alive until your team is on the pitch again.
With their cry of “Fear no foe!” these guys are fierce (but nice) fans. And they can’t wait until spring comes, when FC Edmonton will start battling Calgary’s Cavalry FC and the rest of the teams in the new league.
Let’s learn a little more about Loyal Company of the River Valley, via co-host Terlesky:
What will people get out of listening to your podcast?
A. I believe that we offer an unique perspective on both Canadian soccer and FC Edmonton. We have been able to bring in a variety of interesting and meaningful guests. I think people will gain a new appreciation for the sport, and the local impact, through our podcast.
How did you meet your co-host?
A. Adam and I met in 2011 through our love of soccer. We joined the same supporters group, and after several years, ended up leaving that group and becoming closer friends. We started the podcast shortly after, and have been podcasting together for over three years now.
If you could have any guest on your show, who would you ask?
A. Someone higher up in Canada soccer would be amazing, like John Herdman, coach of the national team. We have been very fortunate in having several players, staff and coaches on over the years.
Why do you think people enjoy podcasts
A. Podcasts allow people to find engaging hosts and a wide variety of topics that you might not find on traditional radio.
Write your own epitaph — what would it say?
A. Always ready to kick a ball or drink a pint.
What has been your favourite episode so far?
A. My personal favourite was our interview with Tim Adams and Leah Cavanagh from Free Footie. They were very humble people, despite having run a very successful program for youth for years.
Be sure to connect with Loyal Company of the River Valley on Twitter, Facebook and Instagram.
Each week Todayville will introduce you to members of the Alberta Podcast Network, so you can invite even more Alberta-made podcasts into your ears! You can find Loyal Company of the River Valley and dozens of other shows at albertapodcastnetwork.com.
About Alberta Podcast Network
The Alberta Podcast Network, powered by ATB, is on a mission to:
- Help Alberta-based podcasters create podcasts of high quality and reach larger audiences;
- Foster connections among Alberta-based podcasters;
- Provide a powerful marketing opportunity for local businesses and organizations.
Alberta Podcast Network Ltd. is pursuing this mission with funding from ATB Financial and support from other sponsors.
Listen to more podcasts right here on Todayville.
From the Fraser Institute
By Tegan Hill
According to the recent mid-year update tabled Thursday, the Smith government projects a $4.6 billion surplus in 2024/25, up from the $2.9 billion surplus projected just a few months ago. Despite the good news, Premier Smith must reduce spending to avoid budget deficits.
The fiscal update projects resource revenue of $20.3 billion in 2024/25. Today’s relatively high—but very volatile—resource revenue (including oil and gas royalties) is helping finance today’s spending and maintain a balanced budget. But it will not last forever.
For perspective, in just the last decade the Alberta government’s annual resource revenue has been as low as $2.8 billion (2015/16) and as high as $25.2 billion (2022/23).
And while the resource revenue rollercoaster is currently in Alberta’s favor, Finance Minister Nate Horner acknowledges that “risks are on the rise” as oil prices have dropped considerably and forecasters are projecting downward pressure on prices—all of which impacts resource revenue.
In fact, the government’s own estimates show a $1 change in oil prices results in an estimated $630 million revenue swing. So while the Smith government plans to maintain a surplus in 2024/25, a small change in oil prices could quickly plunge Alberta back into deficit. Premier Smith has warned that her government may fall into a budget deficit this fiscal year.
This should come as no surprise. Alberta’s been on the resource revenue rollercoaster for decades. Successive governments have increased spending during the good times of high resource revenue, but failed to rein in spending when resource revenues fell.
Previous research has shown that, in Alberta, a $1 increase in resource revenue is associated with an estimated 56-cent increase in program spending the following fiscal year (on a per-person, inflation-adjusted basis). However, a decline in resource revenue is not similarly associated with a reduction in program spending. This pattern has led to historically high levels of government spending—and budget deficits—even in more recent years.
Consider this: If this fiscal year the Smith government received an average level of resource revenue (based on levels over the last 10 years), it would receive approximately $13,000 per Albertan. Yet the government plans to spend nearly $15,000 per Albertan this fiscal year (after adjusting for inflation). That’s a huge gap of roughly $2,000—and it means the government is continuing to take big risks with the provincial budget.
Of course, if the government falls back into deficit there are implications for everyday Albertans.
When the government runs a deficit, it accumulates debt, which Albertans must pay to service. In 2024/25, the government’s debt interest payments will cost each Albertan nearly $650. That’s largely because, despite running surpluses over the last few years, Albertans are still paying for debt accumulated during the most recent string of deficits from 2008/09 to 2020/21 (excluding 2014/15), which only ended when the government enjoyed an unexpected windfall in resource revenue in 2021/22.
According to Thursday’s mid-year fiscal update, Alberta’s finances continue to be at risk. To avoid deficits, the Smith government should meaningfully reduce spending so that it’s aligned with more reliable, stable levels of revenue.
Author:
Better, faster, more affordable auto insurance
Alberta’s government is introducing a new auto insurance system that will provide better and faster services to Albertans while reducing auto insurance premiums.
After hearing from more than 16,000 Albertans through an online survey about their priorities for auto insurance policies, Alberta’s government is introducing a new privately delivered, care-focused auto insurance system.
Right now, insurance in the province is not affordable or care focused. Despite high premiums, Albertans injured in collisions do not get the timely medical care and income support they need in a system that is complex to navigate. When fully implemented, Alberta’s new auto insurance system will deliver better and faster care for those involved in collisions, and Albertans will see cost savings up to $400 per year.
“Albertans have been clear they need an auto insurance system that provides better, faster care and is more affordable. When it’s implemented, our new privately delivered, care-centred insurance system will put the focus on Albertans’ recovery, providing more effective support and will deliver lower rates.”
“High auto insurance rates put strain on Albertans. By shifting to a system that offers improved benefits and support, we are providing better and faster care to Albertans, with lower costs.”
Albertans who suffer injuries due to a collision currently wait months for a simple claim to be resolved and can wait years for claims related to more serious and life-changing injuries to addressed. Additionally, the medical and financial benefits they receive often expire before they’re fully recovered.
Under the new system, Albertans who suffer catastrophic injuries will receive treatment and care for the rest of their lives. Those who sustain serious injuries will receive treatment until they are fully recovered. These changes mirror and build upon the Saskatchewan insurance model, where at-fault drivers can be sued for pain and suffering damages if they are convicted of a criminal offence, such as impaired driving or dangerous driving, or conviction of certain offenses under the Traffic Safety Act.
Work on this new auto insurance system will require legislation in the spring of 2025. In order to reconfigure auto insurance policies for 3.4 million Albertans, auto insurance companies need time to create and implement the new system. Alberta’s government expects the new system to be fully implemented by January 2027.
In the interim, starting in January 2025, the good driver rate cap will be adjusted to a 7.5% increase due to high legal costs, increasing vehicle damage repair costs and natural disaster costs. This protects good drivers from significant rate increases while ensuring that auto insurance providers remain financially viable in Alberta.
Albertans have been clear that they still want premiums to be based on risk. Bad drivers will continue to pay higher premiums than good drivers.
By providing significantly enhanced medical, rehabilitation and income support benefits, this system supports Albertans injured in collisions while reducing the impact of litigation costs on the amount that Albertans pay for their insurance.
“Keeping more money in Albertans’ pockets is one of the best ways to address the rising cost of living. This shift to a care-first automobile insurance system will do just that by helping lower premiums for people across the province.”
Quick facts
- Alberta’s government commissioned two auto insurance reports, which showed that legal fees and litigation costs tied to the province’s current system significantly increase premiums.
- A 2023 report by MNP shows
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