Comment 130432

By jorvay (registered) | Posted October 24, 2019 at 12:01:23

I've been thinking more and more lately about the similarities between Alberta and Hamilton through its decades of dependence on steel. Steel price fluctuations had huge impacts on the city over the years before the industry finally shrunk for good. It took years for the city to adapt, but it's finally coming around with a more diversified economy. The result is a city that approaching the greatness of those times when steel demand was high but with a much lower risk of the busts when steel prices tumbled. Alberta feels a lot like Hamilton in the 80s, and the fact that they're not looking for alternatives means they stand a good chance of going through exactly what Hamilton had to endure for 25 years. The question then is whether or not the province has the right factors in play to actually rebound like Hamilton has.

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