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CALGARY â Rising oil prices will provide much-needed relief to balance sheets in both the private and public sector in Alberta, but even skyrocketing crude wonât rescue the provinceâs budget problems or direct investment in the province.
Crude oil prices have climbed steadily since Nov. 2020 and are now trading in a range that will lift the Canadian dollar, help alleviate some of the strain on Albertaâs budget and allow the countryâs largest oil producers to generate additional billions in cash this year.
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