Episode Details

Alberta’s budget just flipped from a $9.4 billion shortfall to possibly ending the year with a surplus — all thanks to a wild oil price surge. When the budget was laid out, oil was forecast at $65.50 a barrel; now it’s hitting $70 and even $100. That swing alone could add $14 billion to the province’s coffers. With oil royalties funding everything from schools to highways, even a $1 shift in prices moves provincial revenue by $680 million. But economists are urging caution — oil’s volatility means prices could crash just as fast as they rose. Plus, spending like affordability rebates still looms. Don’t celebrate yet — the real picture won’t be clear until the next quarterly report.

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