The Alberta government is forecasting the price of West Texas Intermediate to average US$61.50 per barrel during the current budget year, well below the US$68. per barrel forecast when the provincial budget was tabled in the spring of 2025.

Alberta premier warns ‘significant’ deficits to come, rules out tax hikes or big cuts

With the price of oil trading well below where the government of Alberta forecast it to be, Premier Danielle Smith warns that “significant” deficits are in store for the province.

Global News
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