“The federally chartered banks have become a major source of credit in Alberta providing some 80 percent of all loans, with 39 percent of their funding sourced from elsewhere through large national and international banking networks.”
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“In the wake of the current COVID-19 pandemic, Canada will need to use every policy tool in its arsenal to service its massive levels of debt, support an ageing population, attract the best and brightest from around the world, retain influence and relevance on the world stage, and preserve its way of life for future generations of Canadians.”
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