Alberta Surplus Shocked by Oil Surge | Vancouver News

Alberta’s budget just flipped from a $9.4 billion deficit to a $2 billion surplus thanks to a surge in global oil prices—jumping from $60 to nearly $88 a barrel due to Middle East tensions. Every dollar increase nets the province $680 million, and while Finance Minister celebrates the windfall, he warns against locking in short-term gains for long-term spending. Meanwhile, everyday Albertans feel the squeeze from rising costs, prompting the government to send out fuel tax rebates and explore more relief options as trade disputes threaten further price hikes. Even if oil dips slightly, Alberta’s still on track to erase last year’s deficit—and possibly hit a surplus. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6ea4526bbbb657bb