Commentary
The firing of the entire Alberta Investment Management Corporation (AIMCo) board by the Danielle Smith government appeared to come out of left field. AIMCo manages over $160 billion in public assets including several pension plans. Shaking up the leadership of a board entrusted with such a large public asset pool is not to be taken lightly.
Eyebrows were raised further when former Prime Minister Stephen Harper was appointed the new chair of the AIMCo board. Premier Smith has a plan for AIMCo and it’s likely related to her intention to create a provincial pension plan.
Alberta’s government has made no secret of its intention to form a provincial pension plan. This is an important facet of Smith’s UCP leadership campaign’s provincial empowerment plank….