Episode Details

Alberta’s government delays its fiscal update, citing need for more time to finalize numbers amid sweeping health care reforms. Finance Minister Jason Nixon vows the report will drop by early fall — aligning with other provinces — as oil prices soar past $100 a barrel, potentially slashing the projected $4.1 billion deficit. Each dollar rise in oil lifts Alberta’s coffers by $680 million, but officials say even with the boost, the deficit likely won’t vanish entirely — especially since last February’s budget penciled in a steeper $9.4 billion shortfall.

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