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Alberta Finance Minister Joe Ceci Looking To Boost Budget With Investors

The Canadian Press, 25 Apr, 2016 11:02 AM

EDMONTON — Alberta Finance Minister Joe Ceci is taking the province's latest budget on a get-to-know you visit with investors and credit-rating agencies.

Ceci is off to Toronto today and also has meetings planned in New York later this week.

Ceci says in a release that meeting face-to-face with business leaders helps raise Alberta's profile as a stable and progressive energy producer.

He says it's important that the financial community knows that Alberta remains what he calls a great place to do business, despite a "global price shock" brought on by low oil prices.

A day after the April 14 budget, credit-rating agency DBRS downgraded the province's rating a notch to double-A from triple-A over the NDP government's debt levels.

The budget includes a $10.4-billion deficit this year and forecasts the province will face a $58-billion overall debt within three years.

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