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

Modest amount of overvaluation in Canadian housing markets, CMHC says

OTTAWA — The Canada Mortgage and Housing Corp. said there is a modest amount of overvaluation in the country's housing markets, however other risk factors such was overheating, price acceleration, and overbuilding are not present.

Modest amount of overvaluation in Canadian housing markets, CMHC says

Houses should be checked for radon gas, can cause lung cancer, experts say

TORONTO — It's a naturally occurring radioactive gas that can seep through cracks and crevices in houses and other enclosed spaces — and can cause lung cancer. Yet many Canadians aren't even aware of its existence or the health risk the substance can pose.

Houses should be checked for radon gas, can cause lung cancer, experts say

Forget city living: Canadian seniors moving to suburbs, study says

MONTREAL — Twice a week, Alphons Evers sets aside a few hours to work the phone, matching up his roster of volunteer drivers with clients who need a lift.

Forget city living: Canadian seniors moving to suburbs, study says

Today on the Hill: Committees look at the threats to Canadian security

OTTAWA — The issue of dealing with those who would harm Canadians will be the focus of two committee meetings taking place today on Parliament Hill.

Today on the Hill: Committees look at the threats to Canadian security

Jury in first-degree murder trial of Luka Rocco Magnotta sent home until Tuesday

MONTREAL — Jurors at Luka Rocco Magnotta's first-degree murder trial have been sent home until Tuesday morning.

Jury in first-degree murder trial of Luka Rocco Magnotta sent home until Tuesday

Crew member expected to testify at murder trial of fisherman in Cape Breton

PORT HAWKESBURY, N.S. — The trial of a Nova Scotia man charged in the death of a lobster fisherman whose body has never been found is expected to resume today.