Share this Story : Edmonton Journal Copy Link Email X Reddit Pinterest LinkedIn Tumblr

Varcoe: One oil price spike, two Alberta surpluses and an improved economic outlook amid global turbulence

Finance Minister Jason Nixon is also predicting a surplus for 2025-26

Call it two budget surpluses for the price of one — with a side order of improving economic growth ahead.

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters.

Unlimited online access to Edmonton Journal and 15 news sites with one account.

Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Support local journalism.

Subscribe now to read the latest news in your city and across Canada.

Exclusive articles by David Staples, Keith Gerein and others, Oilers news from Cult of Hockey, Ask EJ Anything features, the Noon News Roundup and Under the Dome newsletters.

Unlimited online access to Edmonton Journal and 15 news sites with one account.

Edmonton Journal ePaper, an electronic replica of the print edition to view on any device, share and comment on.

Daily puzzles, including the New York Times Crossword.

Support local journalism.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account.

Share your thoughts and join the conversation in the comments.

Enjoy additional articles per month.

Get email updates from your favourite authors.

Create an account or sign in to continue with your reading experience.

Access articles from across Canada with one account

Share your thoughts and join the conversation in the comments

Enjoy additional articles per month

Get email updates from your favourite authors

Sign In or Create an Account

Powered by soaring oil prices sparked by the U.S. war with Iran, the Alberta government is now forecasting a $2-billion surplus for the fiscal year that ends next spring and stronger economic performance.

It marks a sharp reversal from February’s gloomy budget projection of a sizable $9.4-billion deficit.

However, here’s the twist.

SUBSCRIBER EXCLUSIVE: FP West: Energy Insider brings you behind the oilpatch’s closed doors with exclusive insights from insiders every Wednesday morning.

There was an error,........

© Edmonton Journal