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

Twitter Harassment Trial Will Help Set Tone For Online Interaction: Observers

TORONTO — The outcome of what's believed to be the first criminal harassment case in Canada involving Twitter will help set the tone for how the courts and society navigate the nuances of online interaction, observers said Thursday.

Twitter Harassment Trial Will Help Set Tone For Online Interaction: Observers

B.C. Ministry Wants To Stop Metis Foster Parents' Petition To Keep Toddler

The British Columbia government is fighting an attempt by Metis foster parents to stop the province from moving a two-year-old girl to Ontario to live with her older siblings.

B.C. Ministry Wants To Stop Metis Foster Parents' Petition To Keep Toddler

Langley's Injured Man Not Victim Of Gunshot, But Police Mystified By Events

A man inside claimed he had been shot in the shoulder, he was taken to hospital and doctors quickly reported his injury did not appear to be from a gun

Langley's Injured Man Not Victim Of Gunshot, But Police Mystified By Events

Vancouver Marks First Pedestrian Death In One Of Two Fatal B.C. Accidents

Vancouver Police say weather conditions were foul at about 10:30 Thursday night when the man was hit while crossing a major Vancouver street in mid-block.

Vancouver Marks First Pedestrian Death In One Of Two Fatal B.C. Accidents

City of Surrey hosts Community Forum on Refugees

“The City of Surrey is acutely aware of the importance of welcoming and including new immigrant and refugees as they start a new life in Canada,” says Mayor Linda Hepner. “I know the generosity and goodwill the new refugees will encounter in Surrey will go a long way in helping them achieve success.”