Mar 12, 2016
CREDBC reports on the size of the oil revenues from Norway and Alberta. One has amassed a sovereign wealth fund with more than $905 billion and the other has $17.5 billion. Guess which one is in Canada?
Even more disturbing news to consider is that some Canada has no Federal equivalent to the Norwegian fund.
Where did all those funds from oil go exactly?
Sources:
http://www.economist.com/news/finance-and-economics/21595052-resource-rich-provinces-canada-are-becoming-more-parsimonious-year
http://credbc.ca/