Alberta Update: March 8, 2024

This Week

Improving Alberta’s grid: As part of a larger effort to modernize the electricity system, a new act was proclaimed aiming to help the electricity system adapt to new technologies. The act allows businesses to build more energy storage and more on-site power generation with the option to sell excess power to the grid. It is part of the government’s plan to ensure affordable, reliable and sustainable electricity, safeguarding against unexpected shortages like during the cold snap in early January.
 
February job numbers: Minister Jones released a statement following the release of last month’s job numbers by Statistics Canada. In February in Alberta, employment rose to 2.5 million, up 17,400 month-over-month, which is a 4.1% increase year-over-year. Full-time jobs also jumped to 2,070,699. Statistics Canada earlier today noted that while employment increased in Alberta, “there was little change in other provinces.”
 
Budget 2024 commitments: Alberta’s government this week highlighted several commitments made in Budget 2024 relating to government funding for a variety of programs across the province. These announcements include: 

Expanding broadband: The governments of Alberta and Canada are investing over $112 million to expand rural broadband. Funding will help connect 22,500 homes in 166 rural and remote communities in Alberta. To date, $211 million has been invested as part of the Canada-Alberta Broadband Partnership Agreement. Alberta is aiming to provide full connectivity by 2027 so that every Albertan can access and connect to global opportunities. 


 
 


What’s Next

Legislature: The Legislature will return on Monday, March 11. The legislative calendar for 2024 can be found here.


  

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