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NextImg:Carney's budgeting proposal was a 'disaster' when Alberta tried it, economists say

OTTAWA — Liberal leadership candidate Mark Carney’s new pitch for separate federal operating and capital budgets has some Albertans feeling a tinge of déjà vu, and not the warm and fuzzy sort.

Trevor Tombe, an economist at the University of Calgary, says he immediately noticed the similarities between Carney’s proposal and short-lived accounting rules introduced by then Alberta Progressive Conservative premier Alison Redford more than a decade ago.