Latest / Calgary News Today | 2 Min News | The Daily News Now!
Alberta's Fiscal Delay and Oil's Impact | Calgary News
Alberta’s government delays its fiscal update to ensure healthcare finances are accurately reflected, aiming for a fall release as usual. Finance Minister Jason Nixon insists precision matters more than speed. With oil prices soaring past $100/barrel earlier this year, the province’s deficit—projected at $4.1 billion—could have improved, thanks to oil’s $0.68 billion impact per dollar. But former Finance Minister Nate Horner doubts a surplus is possible. Now, with oil prices cooling to around $70, the August update will reveal how the oil boom actually shaped Alberta’s finances in the new…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.