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UCP increases max amount it’ll allow itself to lend to oil refinery

Last year, the Alberta government approved lending $1.25 billion to the Sturgeon Refinery. Then increased it to $1.5 billion. Now, they’re upping it by another $300 million.

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Alberta increasing AFSC borrowing limit by $1 billion

Travis Toews and Devin Dreeshen are increasing the debt limit for the Agriculture Financial Services Corporation.

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AB finance minister approves lending AB government $21 billion

The Alberta minister of finance was given the okay to lend the provincial government $25 billion, the largest approval during his term.

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UCP 2021-22 budget: debt to GDP ratio 2.3× higher than under NDP

More debt. Fewer jobs. Less tax revenue.

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What Travis Toews got wrong while criticizing AUPE

Cutting salaries and cutting positions makes a bad economy worse, not better.

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UCP budget predicts $125 billion debt by next election

Income tax revenues are $4.2B lower than planned this year. Oil & gas revenue is $3.4B lower. Federal transfer payments are $2.2B higher.

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What Alberta’s finance minister isn’t telling you about negotiations with nurses

Travis Toews doesn’t like that Alberta nurses asked for a 7% wage increase over 4 years, but he’s not telling you the whole story.

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My response to Travis Toews’ response to the AUPE wage talks

Alberta’s provincial government proposed cutting union wages by 5 points more than an arbitrator awarded this past spring.

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UPDATED: UCP’s August fiscal update hides severity of budget cuts

An earlier version of this article misrepresented data from the 2020–2021 fiscal update.

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6 months after the UCP’s new budget, and oil prices dropping again

And with lower demands driven by a still ongoing pandemic, we might not see oil prices rising significantly for some time.