
The Alberta government is expected to record a budget surplus of billions of dollars this fiscal year, driven by higher crude oil prices.
According to University of Calgary economics professor Trevor Tombe, the province has already accumulated a $3.8-billion surplus so far this fiscal year. He said every $1-per-barrel change in oil prices can make a difference of about $680 million to the provincial treasury. Tombe estimates that if oil prices remain above $66 per barrel, Alberta could end up with a surplus of around $6 billion, instead of the previously projected $9.4-billion deficit. Alberta...

