Alberta Closes Books on Fiscal Year with $852 Million Shortfall. (Globe and Mail)
This is why I kept my mouth shut when folks like Hunter were saying...
If oil keeps above $60, and the bank rate stays below 1%, I predict massive profits for the federal government because of oil sands development. Did Page factor the oil sands into his calculations? I doubt it because he has no clue what is happening in the west.
Oil's at $72/barrel today. Federal prime rate is at half a percent. And profits... wait, what?
Alright, Alberta separatists. Alright, right-wingers from Alberta who believe that the rest of the country wants your oil money - where's the money? Huh? Where has it gone?
Oh, that's right. Tax cuts to corporations and the rich. Carry on.