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

Jian Ghomeshi Emails Reveal Growing Importance Of 'Digital Debris' To Trials

The unearthing of 13-year-old emails in an attempt to discredit a woman accusing Jian Ghomeshi of sexual assault underscores the growing importance of "digital debris" in criminal and civil trials, experts say.

Jian Ghomeshi Emails Reveal Growing Importance Of 'Digital Debris' To Trials

Years After Homeless Man's Death, New Sobering Centre Planned In Vancouver

Health officials in Vancouver are planning a new "sobering centre" seven years after it was recommended by an inquiry into the death of a severely intoxicated homeless man, but some advocates and family members say it still falls short.

Years After Homeless Man's Death, New Sobering Centre Planned In Vancouver

New System To Release Census Data Faces Uncertain Future Over Delays

An $18-million project to make it easier to sort through reams of data from the coming census has been beset by delays and uncertainty that the three-year project will be done on time.

New System To Release Census Data Faces Uncertain Future Over Delays

India's Cultural Influences Reflect In Its Cuisine: Canadian Chef David Rocco

Having visited India five times in the last three years for a total of 26 weeks, Italian-Canadian chef David Rocco feels that the country is his "second home"

India's Cultural Influences Reflect In Its Cuisine: Canadian Chef David Rocco

Vancouver Police Caution Drug Users After Spike In Overdose Deaths

Police say the spike is concerning because three people typically die each week from drug overdoses

Vancouver Police Caution Drug Users After Spike In Overdose Deaths

After Hours Visit To Calgary Bobsled Track Leads To Deaths And Injuries

Calgary police say emergency crews were called to the WinSport facility in northwest Calgary at 1:30 a.m. after a report of several injured people on a closed track.