THINGS LOOKING MORE POSITIVE FOR ALBERTA'S ECONOMY
Some positive news from the provincial Finance Minister. Joe Ceci says the current deficit may not be as big as they first expected. During the last fiscal update---they were basing projections on oil being around 45-dollars a barrel. Given that the average price is just over 48-dollars a barrel right now----thats good news for the province. For every loonie that oil rises---it adds another 130-million dollars to the provincial coffers.