Stelmach keen on having Alberta sell project-specific savings bonds

EDMONTON — The Alberta government has started talking about an idea that dates back to the Depression years — selling the public savings bonds to help finance building projects.

EDMONTON — The Alberta government has started talking about an idea that dates back to the Depression years — selling the public savings bonds to help finance building projects.

Premier Ed Stelmach says he favours a plan that would earmark bonds for individual large projects rather than just creating a pool of money.

A spokesman for the premier says the idea is still in the talking stage, so no decision has been made on rates of return or other key issues.

The premier says he believes Albertans are hungry for something to invest in, so the idea of selling bonds makes good sense.

Stelmach says people he’s talked with about the bonds also think it would be a good idea to allow people to invest in their own province.

One of the selling points of the bonds is that they would be guaranteed by the government in what Stelmach describes as “the most stable financial jurisdiction in North America.”

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Comments are closed

Just Posted

Albertans get an extra free order of COVID-19 masks

Packages will be available July 13 at fast food restaurants

COVID-19 scare sees Latvia-bound troops turn around, return to Canada

Those on board face another 14 days in isolation

2 dead, 8 hurt in South Carolina nightclub shooting

Police are searching for two suspects

Ponoka RCMP lay charges following home invasion

33-year-old man who arrived on bicycle is in custody

QUIZ: A celebration of dogs

These are the dog days of summer. How much do you know about dogs?

P.E.I. reports three new COVID-19 cases, including one seniors’ residence employee

CHARLOTETOWN, P.E.I. — Prince Edward Island reported new COVID-19 cases for the… Continue reading

Even pandemic can’t spoil July

July. Finally. It’s seems like the last three weird months have taken… Continue reading

‘You have to show up:’ NDP MP questions virtual attendance of Alberta Tories

NDP MP McPherson says she’s disappointed Tory MPs haven’t been participating in virtual meetings

Flood warning, mandatory evacuation for people in remote Alberta hamlet

A flood warning has been issued for the rain-swollen Smoky River near the Hamlet of Watino

Stop enforcing sex work laws during COVID-19, Amnesty, sex worker advocates say

‘We need to make sure the existing laws on the books aren’t enforced’

No winning ticket for Friday night’s $25 million Lotto Max jackpot

TORONTO — No winning ticket was sold for the $25 million jackpot… Continue reading

At Mount Rushmore, Trump digs deeper into nation’s divisions

MOUNT RUSHMORE NATIONAL MEMORIAL, S.D. — At the foot of Mount Rushmore… Continue reading

Most Read