The Canadian Press: Premier Danielle Smith has signalled for weeks that the deficit is going to be, in her words, “significant” but has not provided a dollar figure.
She says the main culprit is low oil prices but has also pointed to the costs associated with sharp population growth, blaming the previous federal government for allowing immigration levels to spike.
Despite the red ink, Smith has said her government won’t look to tax hikes and “deep” service cuts to balance the books…
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