21:56:53 EDT Sat 18 May 2024
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Telus Corp (2)
Symbol T
Shares Issued 1,454,446,276
Close 2023-10-30 C$ 22.36
Market Cap C$ 32,521,418,731
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Globe says Alberta's UCP avoids Telus's pension numbers

2023-10-31 07:20 ET - In the News

The Globe and Mail reports in its Tuesday edition that the Alberta government, in its Throne Speech delivered on Monday, outlined its top priorities for the first legislative session since the province's May election. The Globe's Carrie Tait writes that the Throne Speech omitted any mention of the contentious fight between Alberta and Ottawa over the future of the Canada Pension Plan. Premier Danielle Smith in September released a commissioned report by Telus's LifeWorks consultancy calculating that Alberta was entitled to $334-billion, or more than half of CPP's assets, should it split from the national safety net and form its own plan. She did not campaign on the proposal but since September has advocated for the idea. Alberta launched a $9.3-million advertising and consultation blitz backing the creation of a provincial pension plan. Ms. Smith argues the CPP is another example of how the rest of Canada has taken advantage of Alberta's prosperity and that provincial residents would be better off financially if Alberta created its own plan. NDP leader Rachel Notley highlighted the UCP's exclusion of the proposed Alberta Pension Plan in the Throne Speech because so many Albertans find the numbers questionable.

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