This statement is attributable to Deborah Yedlin, President & CEO at the Calgary Chamber of Commerce
“The Calgary Chamber of Commerce is deeply concerned by yesterday’s announcement that a separation question will appear on the Fall 2026 referendum ballot. Our business community has consistently raised concerns about this initiative because of the profound economic uncertainty and damage it will inflict on the province. At a time when businesses are already navigating a volatile economic environment, introducing this question creates further instability – precisely when certainty and investor confidence are most critical, particularly given the current geopolitical context.
“With notable changes occurring between the provincial and federal governments, including the signing of the Canada-Alberta MOU Implementation Agreement last week, the referendum risks undermining the momentum and progress Alberta has made toward seizing the economic opportunities before us, which includes significant expansion in the development of our oil and natural gas resources.
“Regardless of the vote’s outcome on October 19, this referendum will trigger significant and lasting economic consequences for Alberta. Specifically, businesses will inevitably reconsider expansion plans, relocate operations or reallocate capital investment to jurisdictions viewed as more stable and predictable, resulting in outflows of skilled labour vital to the success of our economy. Investor confidence will be eroded as global markets react to uncertainty surrounding Alberta’s future, resulting in job losses, declining productivity and reductions in regional economic growth. Large projects – whether in the energy sector or other capital-intensive industries – rely on attracting long-cycle capital to support these investments, and those investments risk being delayed or cancelled. With Calgary serving as home to several federally regulated industries, this process will further undermine regulatory certainty and jeopardize future economic advancement. This reality is straightforward: people, businesses, capital and opportunity will leave our province – and never come back.
“While some may dismiss separation as unlikely, the consequences associated with this process are real, immediate and must be treated with the gravity they deserve. Significant progress has been made in addressing the grievances between Alberta and Ottawa and we firmly believe existing tensions that may continue to exist do not justify breaking up the country. We remain committed to working with all levels of government to advocate for economic certainty, investor confidence and a stable environment for businesses and workers.”
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About the Calgary Chamber of Commerce
The Calgary Chamber exists to empower our business community to advance a prosperous Calgary and Canada. As the convenor and catalyst for a vibrant, inclusive and prosperous business community, the Chamber works to build strength and resilience among its members and position Calgary as a magnet for talent, diversification and opportunity. As an independent, non-profit, non-partisan organization founded in 1891, we build on our history to serve and advocate for businesses of all sizes, in all sectors across the city.
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