National

Alberta Releasing Updated Budget Numbers With Oil Cash Well Below Projections

The Canadian Press, 24 Feb, 2016 11:09 AM

EDMONTON — Albertans may be in for a bit of more bad news today when the provincial government releases its third-quarter budget update.

The province is on track to rack up a $6.1-billion deficit this year due to the collapse in oil prices.

However, in recent weeks Finance Minister Joe Ceci has declined to confirm the province will still be able to meet that deficit figure.

The budget is based on benchmark oil averaging US$50 a barrel this fiscal year.

But oil has been well below that figure for months and currently sits just over US$30 a barrel.

Next year's budget is coming in the spring legislature session, but Ceci has not announced a date.

Prev Next

MORE National ARTICLES

Canadian Journalist Mohamed Fahmy, Amnesty Call For 'Charter' To Protect Canadians Jailed Overseas

Fahmy, Amnesty International and other civil society groups want to see a protection charter that would give transparency to a process that appears to be applied unequally and unevenly around the world.

Canadian Journalist Mohamed Fahmy, Amnesty Call For 'Charter' To Protect Canadians Jailed Overseas

I'm No Quitter: Christy Clark Clark Battles B.C.'s 'Forces Of No,' On LNG, Trade Deal

First Nations leaders quickly shot back at the premier, labelling her comments "paternalistic" and "mindless."

I'm No Quitter: Christy Clark Clark Battles B.C.'s 'Forces Of No,' On LNG, Trade Deal

Yukon Government Does U-Turn On 'We All Need the D,' Campaign That Had Social Media Howling

The department of Health and Social Services recently rolled out a campaign exhorting residence of the sun-deprived territory to ensure they're getting enough vitamin D.

Yukon Government Does U-Turn On 'We All Need the D,' Campaign That Had Social Media Howling

Man Found With US$100,000 In Cash In Toronto Loses Money To Government As Crime Proceeds

A man caught with more than US$100,000 cash in his backback as he attempted to leave Canada for Panama City lost his bid on Monday to have the seized money returned.

Man Found With US$100,000 In Cash In Toronto Loses Money To Government As Crime Proceeds

Pipelines: Justin Trudeau Says His Job Is To Bring People Together

Trudeau met with Denis Coderre for 45 minutes Tuesday to discuss a range of issues including the recent decision by the Montreal mayor and the organization that represents area municipalities to reject the 4,600-kilometre pipeline.

Pipelines: Justin Trudeau Says His Job Is To Bring People Together

Just Months After Tying Knot, Quebec Power Couple Pierre Karl Peladeau And Julie Snyder Split Up

In a statement late Monday, the Parti Quebecois leader and Snyder, a television host and producer, said they have split and entered a mediation process.