Alberta's Fiscal Delay and Oil's Impact | Calgary News

Alberta’s government delays its fiscal update to ensure healthcare finances are accurately reflected, aiming for a fall release as usual. Finance Minister Jason Nixon insists precision matters more than speed. With oil prices soaring past $100/barrel earlier this year, the province’s deficit—projected at $4.1 billion—could have improved, thanks to oil’s $0.68 billion impact per dollar. But former Finance Minister Nate Horner doubts a surplus is possible. Now, with oil prices cooling to around $70, the August update will reveal how the oil boom actually shaped Alberta’s finances in the new fiscal year. 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/7af61476a18a8ae9