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Economic Heavyweights Visit Lethbridge, Offer Money Advice


LETHBRIDGE: Topping up Alberta's piggy bank is a key priority of the premier's new long term economic plan. Three members of Ed Stelmach's "Council for Economic Strategy" came to Lethbridge Wednesday and revealed five key steps for the future. They said the province needs to invest more of its energy profits to build a stronger and more diverse funding base. "What we're doing now, it's as if we're selling off a few acres of the farm every year to sell groceries," said David Dodge, one of the lead presenters.

Dodge, the former governor of the Bank of Canada, says he knows the importance of ensuring Alberta doesn't exploit its energy resources too quickly. "Obviously if we go on doing this year after year, we run the huge risk that when that resource price falls, we have a problem."

He joined two other council members - Lorne Taylor and John Bell - in a presentation to roughly 100 Lethbridge business people Wednesday, which outlined five key strategies to make better investments in Alberta's economic future. Among the ideas were suggestions like opening a new advanced technology centre, improving education for the province's young aboriginal people and creating a new provincial water authority. He says a standardized monitoring body would help Alberta realize the "full potential" of water resources. "It would innovate in the stewardship of this particular resource, both for our food industry and our energy production industry, as well as for our own use in cities." A copy of the full report can be found on the Alberta premier's website.

Photo by Country 95 News: David Dodge addresses a crowd of about 100 in Lethbridge Wednesday.

Posted on Wednesday, June 22, 2011 at 4/23/2014 3:33:18 PM
Source: Marion Warnica, Country 95 News
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