Alberta forecasts $24.2-billion deficit due to collapsing oil prices, COVID-19 pandemic [Toronto Globe and Mail (Ontario, Canada)]
Canadian Pacific Kansas City Limited Common Shares (CP)
Last canadian pacific kansas city limited common shares earnings: 4/21 04:24 pm
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Source: Toronto Globe and Mail
Alberta anticipates record deficit of $24.2-billion in fiscal update Alberta’s deficit will hit $24.2-billion this year, and on Thursday the government stressed it would refrain from raising taxes to make up the shortfall and instead focus on cutting costs and jump-starting the economy. The government, in its first-quarter update, said a sharp decline in revenue from non-renewable resources accounts for 70 per cent of the deficit expansion. The United Conservative Party, when it rolled out its budget in February, expected the 2020-21 deficit to reach $6.8-billion. Travis Toews, the provincial Finance Minister, did not say when he expects to balance the budget, arguing it would be irresponsible to make such a prediction as the coronavirus pandemic continues to spread. The UCP, he said, will focus on delivering services more efficiently, which means spending cuts. This is a continuation of the strategy the government adopted when it took over in 2019. Saskatchewan projects $2.1-billion
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- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Stifel Nicolaus from $83.00 to $82.00. They now have a "hold" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Evercore Inc. from $90.00 to $89.00. They now have an "outperform" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Bank of America Co. from $97.00 to $92.00. They now have a "buy" rating on the stock.MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its "hold" rating re-affirmed by analysts at Benchmark Co..MarketBeat
- Canadian Pacific Kansas City Limited (NYSE: CP) had its price target lowered by analysts at Evercore ISI from $90.00 to $89.00. They now have an "outperform" rating on the stock.MarketBeat
CP
Earnings
- 4/24/24 - Beat
CP
Sec Filings
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- 4/24/24 - Form 10-Q
- CP's page on the SEC website