THE RURBAN FRINGE

Alberta Heritage Fund: An Embarrassment of Riches

The Heritage Savings Trust Fund - widely known as the  Heritage Fund – has taken a beating and posted a $3 billion loss, the largest in its 33 year history. 
And while I clearly understand market volatility, heaven forbid if the provincial economy suddenly imploded and the government was forced to rely on the Heritage Fund to [...]

Alberta Heritage Fund: Another Lost Opportunity

Ouch.  The Government of Alberta just released their 2009 budget … with a $4.7 billion deficit.  This one’s gonna hurt, folks.
Released simultaneously (albeit, with much less fanfare) was the Alberta Heritage Savings Trust Fund 2009 – 2012 Business Plan.  Created by Peter Lougheed in the 1970s, the fund seeks to hold and invest the provincial government’s revenue take, theoretically [...]