Alberta finance minister sees hopeful signs in latest fiscal update, despite COVID-19 pandemic | CBC News
Finance Minister Travis Toews says he sees reason for hope in Alberta’s latest fiscal update, even though the province is well into the second wave of the COVID-19 pandemic.
“I can’t say definitively that our toughest days are behind us but what I can say is we are starting to see signs of some economic recovery, so that is positive,” Toews said Tuesday, hours before tabling his second-quarter update in the Alberta legislature.
His optimism is based on slight improvements in some key indicators since the first-quarter update was released in August.
Alberta is now forecasting a deficit of $21.3 billion at the end of the fiscal year, an improvement over the $24.2-billion deficit reported at the end of the first quarter.
The change is due to increased revenues of nearly $3…