Fiscal situation of Canada’s ‘oil rich’ provinces
I’ve just written a blog post about the fiscal situation of Canada’s ‘oil rich’ provinces (i.e., Alberta, Saskatchewan and Newfoundland and Labrador). It consists of a summary of key points raised at a PEF-sponsored panel at this year’s Annual Conference of the Canadian Economics Association.
Points raised in the blog post include the following:
-The price of oil is impossible to accurately predict, and there’s no guarantee it will rise to past levels.
-Each of Canada’s ‘oil rich’ provinces should therefore find other ways of financing future spending.
The full blog post can be found here.