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Alberta is facing a recession and 15,000 lost jobs, Finance Minister Iris Evans announced Thursday in her latest economic update.
"After years of robust economic growth, the provincial economy is forecast to contract by two per cent over this next year," Evans said.
The province is running a deficit estimated to be about $1 billion, but money left over from the 2007-08 fiscal year will be used to make sure government departments have enough money.
Read the full article here.
"After years of robust economic growth, the provincial economy is forecast to contract by two per cent over this next year," Evans said.
The province is running a deficit estimated to be about $1 billion, but money left over from the 2007-08 fiscal year will be used to make sure government departments have enough money.
Read the full article here.