S&P downgraded the Canadian province of Alberta two levels to AA from A+ due to high budget deficits, growing debt and generally weak oil prices. A 50% decline in oil prices since 2014 has hit the province hard, causing tax revenues to fall and its budget deficit to rise.The decline in energy prices is the most common reason cited for international oil majors to sell off $22.5 billion in oil sands assets to domestic......
Provide your credentials to access this page
Member Area: Log in if you have a PLS web account or Sign up for internet access now.