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

Kinder Morgan removes protest camps, begins survey work on Burnaby Mountain

BURNABY, B.C. — Kinder Morgan has started survey work at a Metro Vancouver conservation area after its crews worked through the night to take down camps that have stymied a pipeline expansion project for two months.

Kinder Morgan removes protest camps, begins survey work on Burnaby Mountain

Toronto streetcar named 'desire' after reports of sexual activity onboard

TORONTO — A Toronto transit vehicle is being dubbed the "streetcar named desire" after complaints of a couple engaging in sexual activity during the evening rush hour.

Toronto streetcar named 'desire' after reports of sexual activity onboard

Dozens line up at Toronto city hall to buy remaining Rob Ford bobble heads

TORONTO — Dozens of people are lining up to buy what's left of the Rob Ford bobble head dolls, which the outgoing Toronto mayor is selling to raise funds for the two hospitals that have been treating him for cancer.

Dozens line up at Toronto city hall to buy remaining Rob Ford bobble heads

Pricier bacon and butts help push Canada's annual inflation to 2.4 % last month

OTTAWA — The climbing costs of bacon, smokes and natural gas helped propel the country's annual inflation rate to the unexpected mark of 2.4 per cent last month, its fastest clip in since early 2012, Statistics Canada said Friday.

Pricier bacon and butts help push Canada's annual inflation to 2.4 % last month

Intelligence agency's case disclosures rise in fight against terror, dirty cash

OTTAWA — New figures show Canada's financial sleuthing agency disclosed more than 1,000 pieces of intelligence to police and security agencies last year.

Intelligence agency's case disclosures rise in fight against terror, dirty cash

Sentencing for former Ontario MP Dean Del Mastro postponed to January

LINDSAY, Ont. — A sentencing hearing for former Conservative MP Dean Del Mastro has been postponed until Jan. 27, but questions remain about the next steps in the disgraced politician's legal battles.