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Canada's Alberta projects deficit of nearly C$9.4bn, citing low oil prices

The once debt-free province says a dramatic rise in population, coupled with low oil prices, is to blame for the sobering financial outlook.

February 27, 2026

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Alberta budget 2026 comes with spending hikes but $9.4B deficit

Premier Danielle Smith’s UCP government has introduced a new Alberta budget that carries an eye-popping $9.4-billion deficit as the province, after decades of trying to get off a roller-coaster of oil

globalnews.ca•February 28, 2026
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