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News Analysis
Governments are taking advantage of revenue increases—in part due to high inflation—to send households money to mitigate rapidly rising prices. In doing so, a primary concern is to avoid blunting the Bank of Canada's efforts to cool inflation and encourage government spending restraint. But Alberta's massive budget surplus comes with its own particular considerations.
Alberta's budget surplus of over $13 billion this year translates to nearly $3,000 for each Albertan, says University of Calgary economics professor Trevor Tombe.
But while he says the province's ambitious measures to provide inflation-fighting aid to residents aren't likely to spur inflation, the surplus should be viewed in the context of oil price volatility....