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Courtney Theriault: Alberta shortfall could be halved by higher oil prices

Courtney Theriault: Alberta shortfall could be halved by higher oil prices
Alberta shortfall may drop on oil

Alberta’s fiscal outlook may improve significantly if oil prices remain high, according to Courtney Theriault. Trevor Tombe, an economics professor at the University of Calgary, said that when the fiscal year ends next Tuesday, the current $4.1 billion budget shortfall could be reduced by half.

This potential improvement comes as the province nears the close of its financial year, with oil market movements playing a key role in shaping final budget outcomes.

Earlier in the year, Courtney Theriault reported that Alberta posted a C$9.4 billion deficit, breaching its fiscal rules. Financial pressures have put the province’s outlook in focus. Theriault has also detailed how a Canadian pipeline plan attracted 15 to 30 percent foreign investment interest.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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