Alberta finance minister 'confident' province will resist potential recession - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Alberta’s finance minister says he’s confident his oil-rich province is in strong shape to resist entering a potential recession next year, despite economic pressures like high inflation, rising interest rates and a volatile global economy.

by almost $1 billion, down to $12.3 billion from the $13.2 billion figure that was estimated in August.

The province’s smaller surplus figure presented Thursday reflected a $2.5 billion spending increase. It also set aside $2.8 billion over the next three years to pay for a slate of inflation relief measures announced by Premier Danielle Smith this week that are aimed at helping residents weather higher prices.

– a consideration Toews said the government wrestled with before deciding to roll out the targeted supports to people who are struggling with affordability.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

after living here for 62 years(born and raised) it's always been 'Chicken one day and feathers the next' we're used to it

Travis has done a great job!

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business outlook worsened in third quarter: Statistics Canada - BNN BloombergBusiness economic outlook worsened in the third quarter as interest rates began to have a cooling effect on the Canadian economy.
Source: BNNBloomberg - 🏆 83. / 50 Read more »