natural resource revenue

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Natural resources remain backbone of Canada’s trade and prosperity

Trade surpluses in the energy, mining, forestry and agri-food sectors offset chronic trade deficits in other sectors.

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In Budget 2022, Alberta continues its ride on resource revenue roller-coaster

Resource revenue will be $9.1 billion higher in 2022/23 than projected last year.

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Cenovus recently announced it will cut production from some of its oilsand projects.

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The budget projects Alberta’s operating deficit this year will be $8.8 billion.

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Jason Kenney, leadership candidate for Alberta’s United Conservative Party, called for reform to Canada’s equalization program.