Alberta faces long road to recovery as it unveils $18.2 billion budget deficit

CALGARY – Alberta Finance Minister Travis Toews said the country’s largest oil-producing province would consider new sources of revenue “down the road,” after the most recent oil-price collapse caused the government’s debt to balloon to $115.8 billion. The deficit for this year is expected to reach $18.2 billion, a slight improvement over the $20.2 billion deficit for the fiscal year ending March 31. Alberta, which...