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

B.C. Park Selected As Finalist For National Geographic Travel Award

GWAII HAANAS, B.C. — A national park at the southern edge of British Columbia's Haida Gwaii archipelago is in the running for a National Geographic travel award.

B.C. Park Selected As Finalist For National Geographic Travel Award

Sleeping pill use among seniors too common, Choosing Wisely Canada says

TORONTO - A campaign to reduce inappropriate use of health care in Canada is calling for more prudent prescribing of sleep aids among seniors.

Sleeping pill use among seniors too common, Choosing Wisely Canada says

MPs returning to the scene of parliamentary assault say they'll carry on

OTTAWA - Some members of Parliament say they'll have a tough day as they return to caucus rooms where they were locked in last week as a gunman attacked Canada's seat of power.

MPs returning to the scene of parliamentary assault say they'll carry on

Airmen honoured as Second World War plane pulled from Ontario lake

BRACEBRIDGE, Ont. - Cpl. Nathan Cirillo wasn't the only fallen Canadian honoured Tuesday.

Airmen honoured as Second World War plane pulled from Ontario lake

May says she was 'shaken up' by Ottawa shootings when she sent Ghomeshi tweets

TORONTO — Elizabeth May says she was "shaken up" by the recent Parliament shootings when she sent out a series of tweets defending Jian Ghomeshi.

May says she was 'shaken up' by Ottawa shootings when she sent Ghomeshi tweets

Today on the Hill: Returning to caucus one week after the shootings

OTTAWA - Members of Parliament return today to the very rooms they were locked inside one week ago when a gunman staged an attack on the building that houses Canada's lawmakers.