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Minister of Finance Doug Horner presents the 2013 budget at the Alberta Legislature in Edmonton, Alberta on Thursday March 7, 2013.
Minister of Finance Doug Horner presents the 2013 budget at the Alberta Legislature in Edmonton, Alberta on Thursday March 7, 2013.
(JASON FRANSON/THE CANADIAN PRESS)

Why a lower Canadian dollar is good for Alberta’s bottom line

Alberta’s budget will be delivered next week with what the Progressive Conservative government hopes will be some much-needed good news in the form of higher energy prices, and a lower Canadian dollar that grants the province’s finance minister a measure of “comfort.”

But Doug Horner said even if there are positive economic signs for Alberta – including higher natural gas prices and a less dramatic discount on Canadian heavy oil – he’s not about to deviate from a long-term plan of fiscal restraint and getting the province’s finances closer to balanced.