A recent article from CBC discussing inflation and new polling data from Albertans featured a quote from Alberta Central’s Chief Economist, Charles St-Arnaud.
The article explores how Albertans feel about what the provincial government is doing to combat inflation, with 84% of Albertans demanding that the government do more to ease inflation’s bite according to a recent poll.
The sentiment is that Alberta could be doing more than it is to help Albertans with the cost of living, considering how higher energy prices have resulted in higher oil royalties and resulted in a massive surplus.
The rest of Canada, however, may find running a deficit to fund relief programs a more challenging proposition, said, Charles St-Arnaud, chief economist for Alberta Central, the central banking facility for the province’s credit unions. “At the end of the day, someone is paying for it,” he said.