City investments tied to Russia amount to about a tenth of a percent
City of Medicine Hat officials report about one tenth of one percent of its roughly $400 million investment portfolio has direct exposure to Russia. The broader risk stems from global market volatility amid the Ukraine conflict, while AIMCo manages about half of the city's actively invested reserves in a mix of bonds equities and fixed income.
MENTIONED IN THIS ARTICLE
Russia
Medicine Hat
Ukraine
Alberta Investment Management Corp
Aimco
Collin
Alberta Premier urges prudence despite oil windfall
Premier Jason Kenney told Alberta municipal leaders that boosting spending is risky even with high oil revenues. He warned the boom could reverse, urged funding of essential services while tackling about 100 billion debt, and cited a modest surplus forecast alongside a near term oil price boost.
MENTIONED IN THIS ARTICLE
Jason Kenney
Alberta
Kenney
United Conservative Party
West Texas
Joe Ceci
NDP
Ceci
UCP
Shane Gerson
Hatters sign on to fixed power rates sparking bills relief
More than 2,600 utility accounts have joined a city plan to retroactively apply cheaper fixed electricity to January bills and future use. About 45 percent of power customers are on an 8 cent per kWh fixed rate for six months, with an expected $40 monthly average savings for typical use. A noon hour virtual town hall will discuss gas and power pricing as the city promotes energy audits and rebates.
MENTIONED IN THIS ARTICLE
Dennis Egert
Egert
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Europe
Ryan Wright
Corporate Services Committee
Rachel Notley
Jeff McIntosh
Calgary
Cal
Collin Gallant
Medicine Hat News
Charles Hellman
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