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

Canada's oil-rich province of Alberta is forecasting a deficit of C$9.4bn ($6.9bn; £5.1bn), citing the costs of a rising population coupled with low oil prices. The once debt-free province called the

bbc.com•February 28, 2026
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