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ECONOMY & REGULATION

Battle of the exports: B.C. vs Alberta WORDS ORIN MARKLE Alberta has made two retaliatory moves since the B.C. government began discussions on limiting bitumen exports, which could slow down or even prevent the expansion of the Trans Mountain Pipeline project. Alberta initially ended negotiations involving the purchase of B.C. power, and most recently introduced a ban on B.C. wine. While B.C. only exports C$70 million worth of wine to Alberta, this ban directly effects Kelowna West, which was facing an imminent by-election. Albertan premier Rachel Notley said “I know a lot of Albertans who love B.C. wine… Just like I know a lot of British Columbians who love to drive their cars, fly in planes, and heat their homes using Alberta energy products.” University of Calgary economist Trevor Tombe believes this action will get a lot of attention given the by-election and is a move that will “punch above its weight”. RFi Group data gathered in H2 2017 showed Albertan small businesses felt impact of regulatory and legislative change would worsen over the next 12 months, while small businesses in B.C. felt they would slightly improve.

PLEASE INDICATE WHETHER THE BUSINESS EXPECTS THESE CHALLENGES TO WORSEN OR IMPROVE OVER THE NEXT 12 MONTHS Alberta

British Columbia

40% 30%

34%

20% 10%

13% 7% 1%

0% -4%

-10%

-11%

-20% -30% -40% Sales

Access to funding

Impact of regulatory and legislative change

Source: H2 2017 Canada SME Banking Council

CANADIAN BANKER 13

Profile for Adelle Grisaffe

Canadian Banker - March 2018 Edition  

An RFi Group Publication

Canadian Banker - March 2018 Edition  

An RFi Group Publication