No simple solutions to revenue shortfall due to falling oil prices: Prentice

Darpan News Desk The Canadian Press, 28 Nov, 2014 12:54 PM

CALGARY — Alberta Premier Jim Prentice says there are no simple solutions for the revenue shortfall that will be coming due to plummeting oil prices.

Prentice told a Calgary business audience he expects prices to be between US$65 and US$75 a barrel for the rest of the year.

He said low prices could be here for some time and Alberta can't just wait for high prices to return.

The premier said government spending will have to be watched closely and there will be an impact on Albertans.

But he also said there will be no sales tax and Alberta's low tax regime will continue.

Prev Next

MORE National ARTICLES

Man Accused Of Threatening To Kill Government Workers In B.C. Granted Bail

KAMLOOPS, B.C. - A man accused of threatening to kill government workers at a social services office in Kamloops, B.C., has been granted bail.

Man Accused Of Threatening To Kill Government Workers In B.C. Granted Bail

Merritt Flying Club Sues Former Director Alleging He Wrote Cheques To Himself

KAMLOOPS, B.C. - An aviation association in Merritt, B.C., is suing one of its former directors for more than $20,000, alleging he wrote cheques to himself for his personal use.

Merritt Flying Club Sues Former Director Alleging He Wrote Cheques To Himself

Mi5 Spy Who Outed Nazi Sympathizers In WWII Retired To Quiet Life In B.C.

VANCOUVER - To the people of Saltspring Island, B.C., he was an avid gardener and former banker, who lived a quiet life with his wife and children.

Mi5 Spy Who Outed Nazi Sympathizers In WWII Retired To Quiet Life In B.C.

Pork Chop The Pig Wanders into Langley Elementary School

LANGLEY, B.C. - Students at a Metro Vancouver elementary school had a bit of excitement during recess when a porky intruder decided to join them in the schoolyard.

Pork Chop The Pig Wanders into Langley Elementary School

Vancouver-based MDA To Provide Australian Forces Support For Its Drone Program

VANCOUVER - MacDonald, Dettwiler and Associates Ltd. (TSX:MDA) has received a $40-million contract to provide the Australian air force with continued support for its drone program until December 2017.

Vancouver-based MDA To Provide Australian Forces Support For Its Drone Program

Burnaby To Appeal NEB Decision Granting Kinder Morgan Access To City-owned Land

BURNABY, B.C. - The City of Burnaby, B.C., says it plans to appeal a National Energy Board decision granting energy giant Kinder Morgan access to a municipal conservation area.