The cost of separation: How breaking away from Canada could impact Alberta mortgages

Description

An independent report into the possible separation of Alberta finds it could cost up to $170 billion. The report by the University of Calgary’s School of Public Policy was commissioned by the government of Alberta. It examines two hypothetical scenarios to provide Albertans with a closer look at the possible financial impact if Alberta were to break away from Canada. Economist Tim Sargent broke down the potential costs outlined in the report, including how separation could impact jobs and mortgages. He notes that Canada has a triple-A credit rating, which affects interest rates. He explains that if Alberta were to separate, it would not enjoy that same rating, and that could have a big impact on borrowing costs for Albertans. For more info, please go to https://globalnews.ca Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc Follow Global News on X HERE: http://bit.ly/1Toz8mt Follow Global News on TikTok HERE: https://www.tiktok.com/@globalnews.ca?lang=en #thewestblock #cdnpoli #cdnpolitics #GlobalNews