1 week ago Graphic of the week: Alberta's budget deficit and middling oil prices

Deficit is now expected to reach $6.5 billion, which is $1.3 billion more than budgeted in the spring

Economics

1 week ago Oil Drifts as Traders Wait for OPEC+ and Next US Move on Russia

Oil drifted as traders waited for fresh catalysts to move prices out of what’s been a relatively narrow band, with attention on an upcoming OPEC+ meeting and US moves on Russian supplies.

Economics

1 week ago Oil Drifts Higher With OPEC+ and US Policy on Russia in Focus

Oil drifted higher as traders waited for fresh catalysts to move prices out of what’s been a relatively narrow band, with attention on an upcoming OPEC+ meeting and US moves on Russian supplies.

Events

1 week ago Oil Drifts Higher With Focus on OPEC+ and US Policy on Russia

Oil drifted higher as traders waited for fresh catalysts to move prices out of what’s been a relatively narrow band, with attention on an upcoming OPEC+ meeting and US moves on Russian supplies.

Events

2 w. ago Alberta projecting larger deficit for the year — $6.5B — due in part to lower oil prices

'We know the road ahead has its challenges, but with disciplined financial management and smart investments, we will stand by families, rein in the deficit and secure a stronger future'

Economics

2 w. ago Alberta budget deficit forecast to grow more than originally forecast this year to $6.5B

Bad news for Alberta taxpayers with the province's finance minister saying lower than forecast oil prices means the projected deficit this year is expected to grow to $6.5 billion.

Economics

2 w. ago Varcoe: Alberta's deficit grows to $6.5B amid lower oil prices, falling revenues

One year ago, the province recorded an $8.3-billion surplus on the strength of higher-than-expected oil prices, strong population growth and a surging economy.

Economics

3 w. ago Varcoe: 'Terrible' oil prices could create a difficult budget crunch for Alberta, premier warns

Oil prices have been “terrible” recently and Albertans need to brace for a difficult budget situation if they continue to slide, says Premier Danielle Smith.  The price of benchmark U.S. West Texas Intermediate (WTI) crude has dropped nearly 10 per cent since late July, closing below US$63 a barrel on Monday – nearly $5 below […]

Economics

3 w. ago Varcoe: 'Terrible' oil prices could create a budget crunch for Alberta, Premier Danielle Smith warns

WTI crude has dropped nearly 10% since late July and now sits nearly $5 below the province’s expectations in its latest budget

Economics

3 w. ago Varcoe: 'People better brace themselves' as oil prices strain budget, Danielle Smith warns

WTI crude has dropped nearly 10% since late July and now sits nearly $5 below the province’s expectations in its latest budget

Economics