Alberta economic growth
The Bank of Montreal predicts some challenging times for Alberta.
You read correctly!
The Alberta government is facing a deficit in the area of $4 billion. By now we have all heard the discussions regarding the recommended courses of action that the government should take to make sure that Alberta's finances get back into the black; reform Alberta's taxation system (although the budget saw no such reforms), cut government spending, and diversify Alberta's energy export markets.
The regional disparities in Canada’s economy continue to widen, with resource-rich provinces outgrowing the rest of the country