Over the past two weeks, both the Alberta and federal governments have released budgets. In Alberta the projections are for debt and deficits, with the degree of severity relying heavily on the price of oil. Federally, we see a projected deficit of $28.5 billion. In Alberta, while we can’t predict with certainty what commodity prices will do, it’s curious that a government counting on a resurgence in the oil business wouldn’t hedge their bets by focusing on what they can control: in this [Read more]