The Alberta government is seeding a new investment vehicle with $2 billion as part of a plan to boost the province’s resource investment fund tenfold to at least $250 billion by 2050. The money to be ...

For now, the rest of the nearly $24 billion in the Heritage Fund will continue to be managed by Alberta Investment Management Corp. (AIMCo), a Crown corporation that also manages the pensions of ...

The retirement fund for Alberta’s teachers was forced through legislation to turn management of its funds over to AIMCO in 2019. It was a contentious start for the relationship. Unable to reach an ...

Alberta's premier says she wants to grow the Heritage Savings Trust Fund to at least $250 billion by the year 2050, in order to wean the province off the resource revenue roller-coaster.

The Heritage Fund was worth $24.3 billion at the end of September. It was created in the mid-1970s by the Progressive Conservative government of Peter Lougheed — Joe Lougheed’s father — to ...

Alberta lays out plan to grow Heritage Fund to at least $250B by 2050, establish Crown corporation. Advertisement embed-more-topic. Story continues below.

Danielle Smith’s government recently shared its plan to build up Alberta’s Heritage Fund to $250-billion by 2050, to purportedly wean Alberta off the resource revenue roller coaster.

In her televised address, Smith said the goal of building the Heritage Fund to $400 billion by 2050 and creating a self-sustaining source of government revenue was to get the province off the so ...

Option of keeping more cash in Alberta Heritage Savings Trust Fund 'in the works' The largest single-year debt payment in Alberta’s history remains on the books, at $13.4 billion in 2022-23.

Oil prices drop, Alberta remains optimistic due to surplus from 2022-23 budget year The Alberta government says it ended the 2022-23 budget year with a petro-powered $11.6 billion surplus, up from ...

Alberta’s $21.2-billion sovereign wealth fund was established in 1976 by then premier Peter Lougheed to “save for the future, to strengthen or diversify the economy, and to improve the quality ...

Finance Minister Nate Horner presented the details to the legislature of the $73.2-billion price tag for the annual plan, which promises to increase spending for health care and education, which ...