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Essentially, wealthier provinces, particularly those that are conservative and resource-rich, end up funding these payments. A closer analysis reveals that Alberta is currently a significant contributor, essentially supporting the economic stability of Eastern Canadian provinces, many of which lean liberal.
Alberta's Economic Power
To underscore this disparity, consider Alberta's financial profile. Despite being home to only 11.6% of Canada's population, Alberta's nominal GDP is around $350 billion, accounting for approximately 15% of the total Canadian GDP. With an impressive contribution of around 80% to the country's oil production and a burgeoning tech sector that’s outpacing other provinces, Alberta's economic might raises questions about its role within the Canadian federation.