Alberta sees record deficit as energy royalties plummet [Toronto Globe and Mail (Ontario, Canada)]
Canadian Pacific Kansas City Limited Common Shares (CP)
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Source: Toronto Globe and Mail
Alberta sees record deficit as energy royalties plummet Alberta Finance Minister Travis Toews speaks in Calgary, on Sept. 3, 2019. The Canadian Press Alberta Finance Minister Travis Toews speaks in Calgary, on Sept. 3, 2019. Royalties stemming from Alberta’s non-renewable resources, such as bitumen and natural gas, will drop to their lowest point in more than four decades this year, according to the provincial government’s updated forecast that calls for a record deficit. Alberta governments have long relied on energy royalties to buoy their budgets. But this year, the province expects non-renewable resource revenue to drop to $1.22-billion, which translates into roughly 3 per cent of the province’s total revenue forecast. This is down from the roughly 10 per cent that the United Conservative Party expected when it delivered its budget at the end of February, before the economic shutdown. Saskatchewan projects $2.1-billion deficit, says economy could be back to pre-pandemic levels
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CP
Earnings
- 4/24/24 - Beat
CP
Sec Filings
- 4/29/24 - Form 10-K/A
- 4/25/24 - Form 8-K
- 4/24/24 - Form 8-K
- CP's page on the SEC website