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Alberta's credit rating has been upgraded by S&P Global Ratings due to expectations of strong oil prices and effective expense management. The province's credit rating has been raised to AA-, the fourth-highest available, from A+. Alberta is benefiting from higher-than-expected bitumen royalties, resulting in a projected fiscal surplus of C$5.5 billion. S&P predicts that Alberta will be able to maintain this momentum and limit its debt burden to about 127% of operating revenue. However, the ratings firm also highlights the risks of recession, significant drops in oil prices, policy shifts, or ineffective financial management. S&P suggests that Alberta could further improve its ratings by diversifying its economy and reducing its reliance on resource revenues, although this is deemed unlikely. [Extracted from the article]

Alberta, a Canadian province known for its oil reserves, has seen its budget surplus more than double to $4.1 billion due to higher oil prices and population growth. The province's government revenue is projected to be $74.3 billion for the fiscal year, $4 billion more than previously forecasted. Alberta is also experiencing a population boom as people are attracted to the region for job opportunities and affordable housing. Despite higher expenses from wildfires, the province's debt is expected to decrease. Alberta's economy is projected to grow, but the unemployment rate may rise temporarily before declining. [Extracted from the article]

(Bloomberg) -- Alberta announced plans to spend C$2.4 billion ($1.8 billion) on tax breaks and increased social benefits, as the oil-rich Canadian province uses part of its budget surplus to help residents deal with soaring inflation. Inflation in Canada was 6.9% in October, giving the Bank of Canada little room to pause its efforts to slow down the economy to tamp down price price pressures. [Extracted from the article]

If passed by the legislature, the new measure would go into force retroactively on May 1, replacing a 2018 bill meant to restrict oil shipments to British Columbia after the province tried to halt the expansion of the Trans Mountain pipeline. (Bloomberg) -- Alberta is reviving legislation previously blocked by a federal court that would allow the province to curtail oil and gas shipments to other provinces in retaliation for efforts to restrict pipelines. Alberta Renews "Turn Off the Taps" Legislation Blocked by Court. [Extracted from the article]

(Bloomberg) -- Alberta, the province that produces most of Canada's oil, sold C$300 million ($207 million) in 100-year bonds in a private placement, according to people familiar with the matter. In the last week, Alberta added C$500 million to its 2030 bonds and issued 260 million Swiss francs ($265 million) of 8-year debt, Bloomberg data show. [Extracted from the article]

(Bloomberg) -- Alberta, the province that produces most of Canada's oil, sold C$300 million ($207 million) in 100-year bonds in a private placement, according to people familiar with the matter. In the last week, Alberta added C$500 million to its 2030 bonds and issued 260 million Swiss francs ($265 million) of 8-year debt, Bloomberg data show. [Extracted from the article]

UCP party unseats Notley's NDP in Canadian province's vote In a landslide victory, Kenney defeated center-left incumbent Rachel Notley, 55, whose New Democratic Party snapped four decades of conservative rule in 2015. [Extracted from the article]

Sentiment in Canadian province hits second-lowest on record Every week, Nanos Research asks 250 Canadians for their views on personal finances, job security, the outlook for the economy and where real estate prices are headed. [Extracted from the article]