Alberta
U.S. President Joe Biden’s long-awaited Canada visit to happen March 23-24
WASHINGTON — U.S. President Joe Biden will travel to Ottawa on March 23 to meet with Prime Minister Justin Trudeau on Canadian soil, his first visit north of the border since taking the oath of office in 2021.
The White House said the president and his wife Jill Biden will spend two days in Canada, although a detailed itinerary has not yet been released.
The two leaders will discuss an ongoing upgrade of the jointly led Norad continental defence system, which came under heavy scrutiny last month following the discovery of a Chinese surveillance balloon over U.S. and Canadian airspace.
They will also discuss how to fortify shared supply chains, combat climate change and “accelerate the clean energy transition,” the White House said in a statement.
Biden will also address a joint session of Parliament “to highlight the importance of the United States-Canada bilateral relationship.”
A visit to Canada is customarily one of a new U.S. president’s first foreign trips, a tradition upended two years ago by the COVID-19 pandemic. Like the rest of the world at the time, the two leaders settled for a virtual meeting instead.
The virus interfered in Canada-U.S. relations again in 2022, when Biden tested positive for COVID a second time, forcing the White House to scrap its plan for a summertime visit that year.
Delayed though it may be, it will be an important bilateral meeting for both countries, said Scotty Greenwood, CEO of the Canadian American Business Council.
“It’s an occasion which focuses a bureaucracy on the breadth and depth of bilateral and multilateral issues … and that’s a really good thing, because it causes everybody here to focus on Canada,” Greenwood said.
“It also allows the president himself to think about and reflect on Canada in the context of all the other global relationships the U.S. has, and that can be a very good thing.”
In the end, however, it’s essential that the federal government in Ottawa make the most of the opportunity, she added.
“The extent to which Canada wants to lean in and try to help solve some of the pain points the U.S. has is a good opportunity for Canada,” Greenwood said. “We won’t know until the visit happens if Canada wants to do that.”
As always, the two leaders have a lot to talk about — much of it a direct offshoot of the pandemic as both countries recalibrate their domestic and international supply chains, bilateral travel rules and economic recovery efforts, all of it with an eye toward arresting the march of climate change around the world.
Strategies to minimize dependence on China for critical minerals and semiconductors, two vital components in the global push to expand the popularity of electric vehicles and fuel what some experts liken to a post-pandemic industrial revolution, are sure to be high on the agenda.
So too will be a united front in opposing Russia’s continued aggression in Ukraine, as well as what to do about Haiti, where Canada is facing international pressure to take a lead role in quelling widespread gang violence.
There will be bilateral tensions to address as well.
The post-NAFTA era, where the U.S.-Mexico-Canada Agreement is now the law of the land in continental trade, has been marked by irritants, including access to Canada’s dairy market and how the U.S. defines foreign content in autos.
Immigration has also become a hot topic: while Republican lawmakers usually have a singular focus on the flow of migrants across the U.S.-Mexico border, a spike in the number of people entering from Canada has also caught their eye.
Trudeau has publicly acknowledged that the two countries need to renegotiate the 2004 Safe Third Country Agreement in order to staunch the flow of irregular migration into Canada, but there’s little appetite in the U.S. to do so.
Even so-called trusted travellers are having a harder time than they did before the pandemic, with the fast-track program known as Nexus having been hampered by a cross-border jurisdictional squabble.
The White House said “irregular migration and forced displacement throughout the region” will indeed be on the agenda, but offered no additional details.
Biden’s speech to Parliament will follow in the footsteps of his former boss, then-president Barack Obama, who made a similar address when he last visited Ottawa in June of 2016.
Biden himself visited the national capital in December of that year, as Obama’s second term was winding down and the world was bracing for the inauguration of his Republican successor, Donald Trump.
“I know sometimes we’re like the big brother that’s a pain in the neck and overbearing … but we’re more like family, even, than allies,” the vice-president at the time said during a state dinner in his honour.
He cheered Canada’s role in defending and strengthening what he called a “liberal international order” amid the rise of authoritarianism around the world, perhaps sensing what the next four years had in store.
“We’re going to get through this period because we’re Americans and Canadians, and so had I a glass I’d toast you by saying, ‘Vive le Canada,’ because we need you very, very badly.”
This report by The Canadian Press was first published March 9, 2023.
James McCarten, The Canadian Press
Alberta
Alberta’s fiscal update projects budget surplus, but fiscal fortunes could quickly turn
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:
Alberta
Premier Smith says Auto Insurance reforms may still result in a publicly owned system
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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