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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (102995)	2/26/2021 8:39:09 AM
From: Goose94	Read Replies (1) of 203083

Crude Oil: Jason Kenney's United Conservative government is expecting a $20.2-billion deficit in the current fiscal year, with a gradual narrowing of that shortfall over the forecast horizon. However, no plan to balance the books in a budget that appears to pin plenty of hope on the province’s energy sector. Bitumen royalties are seen more than tripling to almost $4 billion in 2023-24, and that’s layered on oil-price assumptions that are looking conservative based on today’s prices. Also notably, the government is still keeping hope alive for Keystone XL. A whole page is dedicated to that "hot potato" (as Murray Mullen described it in our special coverage yesterday) in the budget document, which shows the government isn't taking any provisions associated with its $1.3-billion exposure to the pipeline or its vow to "explore all options" to recoup that cost if KXL is toast. We’ll go deep into Alberta’s fiscal planning with Finance Minister Travis Toews at 0800ET BNN.ca

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