The Facts · Currency & Cost of Living

Your mortgage, your savings, your dollar

Every separation plan faces the same unanswered question: what money would Albertans use? Each answer means real volatility for your household.

?No agreed currency plan exists
$0Control over the loonie if we keep it4
YearsTo stand up a credible central bank
The currency trap

Three bad options, no good one

1

Keep the Canadian dollar — with no say

Alberta could keep using the loonie, but the Bank of Canada would set interest rates for a country we just left, with zero Alberta representation.

2

Launch a new “Alberta dollar”

A brand-new currency would have no track record. Markets would discount it, imports would cost more, and your savings could lose value overnight.

3

Peg to the US dollar

Pegging surrenders monetary policy to Washington and requires huge reserves Alberta doesn’t have — pegs break, often painfully.

Where the pressure lands

Alberta is already a U.S.-dollar economy

Most of what Alberta sells is priced in a currency it won't control — with or without the loonie.

Alberta exports sold into the U.S. market189%
Alberta merchandise exports that are energy (globally USD-priced)176%
Alberta crude oil exports headed to the U.S.393%
Albertans who would vote to stay in Canada260%
The choice

Two very different futures

If Alberta separates

  • No control over interest rates
  • An untested, discounted currency
  • Higher prices on imports
  • Volatile mortgages and savings
  • Costly currency reserves to build

If Alberta stays

  • A seat at the Bank of Canada table
  • A globally trusted currency
  • Stable, predictable prices
  • Mortgages set with national stability
  • No reserve-building bill for families

Sources

  1. Statistics Canada, Table 12-10-0175-01 — ~89% of Alberta's international merchandise exports went to the U.S. (2024); energy was ~76% of the total. Energy and cross-border sales are priced in U.S. dollars. StatCan.
  2. Angus Reid Institute (May 2026) — 60% of Albertans would vote to remain in Canada. Angus Reid.
  3. Canada Energy Regulator — ~93% of Canadian crude oil exports went to the United States (2024). CER.
  4. A jurisdiction that uses a currency it does not issue has no vote over its interest rates; provinces have no governance role at the Bank of Canada. Bank of Canada; IMF, Dollarization: A Primer.

This is a demonstration site. Figures are sourced where shown; the "three options" above describe well-understood trade-offs of monetary union, a new currency, or a peg.

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