Posted AT 9:42 PM EST on 20/10/06
Too much, too fast: Alberta looks to Norway model
Yesterday's inflation data highlighted a problem that has engulfed Canada for the past year: Prices rose at a 0.7-per-cent pace on a national level, but in Alberta, where the global commodities boom has set the provincial economy on fire, inflation was up 3.7 per cent.
The disparity holds true for almost every economic statistic, as Alberta's fortunes surge while Central Canada and the East plod along listlessly, ground down by high energy prices, a strong dollar and now, a U.S.
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