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Alberta shifts from projected C$9.4 billion deficit to expected surplus as Middle East war lifts oil prices
Alberta’s fiscal outlook has flipped from a projected C$9.4 billion deficit to an expected surplus after oil prices rose amid the war in the Middle East. The provincial government said it will replace its fuel-tax relief mechanism with a C$100 energy rebate for more than three million adult Albertans in households earning under C$225,000 a year, starting in July. The move reflects a renewed boost in crude prices tied to the ongoing conflict rather than any newly disclosed military action or supply disruption.