Latest news with #AlbertaProvince
Bloomberg
18 hours ago
- Business
- Bloomberg
Alberta Posts Larger-Than-Projected Surplus, Braces for Deficit
Alberta posted a larger-than-projected surplus in its most recent fiscal year, providing the oil-rich province with some cushion against an expected trade war-driven shortfall in the current period. Revenue exceeded expenses by about C$8.3 billion ($6.1 billion) in the fiscal year that ended in March, about C$8 billion more than originally projected, the provincial government said Friday. The gain was largely attributable to higher-than-expected resource revenue and corporate income taxes.
Bloomberg
12-05-2025
- Business
- Bloomberg
Alberta Freezes Industrial Carbon Tax to Help Firms as Tariffs Hurt Economy
Alberta is freezing its industrial carbon tax in a bid to help companies struggling with the effects of US tariffs, potentially setting up a challenge to the government of Prime Minister Mark Carney. Canada's top oil-producing province will keep the tax at C$95 ($68) per metric ton for an indefinite time, officials said at a press conference Monday. The levy had been scheduled to rise to C$110 per metric ton next year and to C$170 by 2030, according to federal rules that govern the provincial carbon tax levels.
