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1. Alberta deficit hit $8 billion despite improving resource revenues

   The Government of Alberta released its 2017/18 annual report Thursday, closing the book on the 2017/18 fiscal year. According to the report, the deficit for the fiscal year turned out to be $2.5 billion less than initially anticipated ...

2. Four reasons why Alberta’s vague balance budget plan may fall short

   Last month, when Finance Minister Joe Ceci unveiled Alberta’s 2018 budget, despite weeks stoking expectations of a detailed plan to eliminate the province’s budget deficit, he instead delivered a risky plan almost entirely reliant on ...

3. Costly regulatory delays loom over Canada’s energy industry

   Last week Kinder Morgan projected that the Trans Mountain pipeline project could be a year behind schedule as it continues to face permitting delays. The company initially expected the $7.4 billion project to be in service by late 2019, ...

4. Another day, another Alberta credit downgrade

   On Wednesday, ratings agency DBRS downgraded the Government of Alberta’s credit rating from AA (high) to AA, maintaining a negative outlook for the provincial government’s finances. It seems that the Notley government’s slightly revised ...

5. New report highlights Alberta’s long-term budget challenges

   The PBO has given the Notley government another warning that spending is badly out of line with revenue. ...

6. During the energy boom, Alberta was a job magnet for Canadians

   In the years prior to the recent recession, strong economic growth in Alberta helped drive the national economy and enhanced the fiscal health of the federal government. The province is a major net contributor to federal finances—between ...

7. Alberta in net debt for the first time in nearly 20 years

   The Government of Alberta released its 2016/17 Annual Report last week. The official deficit for that fiscal year totalled roughly $10.8 billion, bringing the province into a net debt position for the first time in nearly 20 years. The ...

8. Alberta private sector improving but government finances remain in bad shape

   Dave Mowat, president of ATB Financial, said recently that Alberta’s economy was “turning the corner” after a difficult year in 2016. His comment came as the Crown Corporation released its financial results for the past fiscal year. ...

9. Alberta teachers’ ‘me too’ clause strengthens case for public-sector wage restraint

   The Alberta Teacher’s Association recently ratified a tentative two-year agreement with the provincial government after a four-day voting period last week. Yesterday, the Calgary Sun reported that Alberta's school boards also ...

10. Alberta’s net financial position has deteriorated by $68 billion in 11 years

    Alberta Finance Minister Joe Ceci (pictured above) recently claimed that the provincial government will maintain its spending trajectory, regardless of whether the province suffers another credit downgrade. With the province having ...