Alberta Swings Back into Black as Oil Prices Soar
Alberta's finances are swinging back into the black after war in the Middle East sent global energy prices surging.
The province's latest fiscal update predicts a $2-billion surplus, a huge turnaround from the $9.4-billion deficit originally expected for the 2026 fiscal year.
This is the latest reversal of fortune for the oil-rich province perennially tied to international energy markets.