Not only is investment leaving, I think a good percent of the highly skilled workers that can afford to are leaving oil and gas as well. At least the roller coaster ride is done for this cowboy anyways.
The yanks always come up for ritchie bros when the dollar is low... it was like that in the nineties. Its good in a way and bad in a way, americans overbid on garbage because they think they are getting a deal but it does squeeze the smaller canadian guys and gals looking to maybe scoop up their first piece of iron or expand a small company
These auctions can be good for local manufacturing when it does pick up again and by foreigners buying it all up and shipping it out of Canada. It can also be bad for local manufacturing if locals buy used vs new.
The only way I can for see attracting any wealth and investment that will stay in Alberta is to run the pipes. Snuff out Quebec by making a quick turn to the south across Vermont and Maine and back up again then give them money instead of Quebec. Then cut any ties that Quebec has to Canadas oil. Hopefully they get mad and want to separate again. No one will care at that point or at least 40% of Canada won't anyways
Wealth Leaving Alberta
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