For all the talk about deficits, supply chains and other knock-on impacts of the COVID-19 pandemic, oil and gas have applied the bulk of the inflationary pressure on both global economies and household budgets, writes columnist Max Fawcett.
The federal government may find itself with billions more in spending room on the back of soaring oil prices that experts say could lower the deficit, or give the Liberals space to fund a bevy of campaign pledges.
Alberta's finance minister says the recent bullish run on energy prices is part of a stronger economic story on the province's bottom line that will be revealed in the upcoming second-quarter budget update.
If the Alberta premier shows up to the next Council of the Federation demanding changes to the Constitution, he’s going to get laughed out of the room by the other premiers, writes columnistMax Fawcett.
On Thursday, February 25, 2021, it’s budget day in Alberta, a time that will cruelly and ironically remind residents that last year’s projected eye-popping $6.8-billion deficit was actually the good old days.
The double blow of collapsing oil prices and the COVID-19 crisis has pushed Alberta into a historic deficit of $24.2 billion — more than triple what the United Conservative government projected in its February budget.
The so-called "resistance" force of Conservative premiers waging war against the carbon tax implemented by Prime Minister Justin Trudeau began showing cracks on on Tuesday, October 22, 2019, following the Liberals' re-election.