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Tag Archives: hard

Trudeau government considering immediate $1-billion stimulus for hard-hit Alberta, Saskatchewan

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Canadian Prime Minister Justin Trudeau has decided to focus initial stimulus efforts in oil-producing Alberta and Saskatchewan, while waiting to assess whether further stimulus is needed nationwide, according to officials familiar with the plans. The government is in talks to quickly allocate $1 billion for infrastructure projects in the two …

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Royalty changes hit oilfield service providers hard

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Canadian oilfield services stocks swooned over fears Alberta government’s new royalty regime would erode margins for one of the worst hit segments of the oilpatch. The structure, announced on Friday, is “one more thing to worry about for oilfield services,” according Mark Westby, analyst at Calgary-based AltaCorp Capital Inc. “In …

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A balanced budget by 2019/20 may be hard to come by if economy continues to struggle, Trudeau admits

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OTTAWA — The Canadian government could find it hard to balance the budget by 2019/20 as promised if the economy continues to struggle, Prime Minister Justin Trudeau said in an interview published on Thursday. Trudeau, speaking to the French-language La Presse newspaper, also confirmed the budget deficit in the 2016/17 …

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