Episode Details

Alberta’s budget just flipped from a projected $9 billion deficit to a $2 billion surplus—thanks mostly to a booming oil and gas sector. Revenue soared by $11.7 billion, driven by soaring oil prices making “black gold” pay big dividends. But here’s the twist: despite the surplus on paper, Alberta’s still in a cash deficit—because revenue hasn’t fully hit the bank yet. Beyond oil, corporate tax receipts jumped $1 billion due to strong profits and steady population growth (which is slowing), while canola exports are up—but weather could hurt that soon. Inflation forecasts are creeping up too, as high oil prices ripple through the economy. While Alberta’s largely shielded from trade tariffs, the province’s natural resource production is set to keep climbing as companies seize the moment.

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