Low Oil Prices Carve Massive Hole in Alberta's Budget

Alberta's budget remains heavily dependent on oil royalties, with non-renewable resource revenues projected to constitute 18% of total revenue over the next two years. However, subdued North American oil prices are creating significant deficits.

Canada's Economic Woes vs. Moral Superiority Over U.S.

Despite Canada's economic stagnation and falling behind U.S. states like Alabama in GDP per capita, Canadians maintain a strong sense of moral superiority over Americans, as highlighted by recent political discussions.

Highway 417 Bridge Replacements Set for 2028

Ottawa's Highway 417 will undergo two full closures in 2028 for rapid bridge replacements at Woodroffe and Maitland Avenues, with both streets widening to include bicycle lanes.

Floating Rates Attract Borrowers Despite Economic Risks

Despite economic uncertainty and threats from U.S. trade, Canadian borrowers are increasingly opting for variable mortgage rates, which offer lower initial costs and prepayment penalties compared to fixed rates, according to mortgage strategist Robert McL

B.C.'s Record Deficit Warns All of Canada

British Columbia under Premier David Eby faces a record-breaking $13.3 billion deficit, highlighting fiscal irresponsibility across Canadian governments and urging spending cuts to avoid a debt crisis.

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