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Varcoe: No need for Alberta to panic, Smith says, as oil prices tumble amid economic havoc in U.S.

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Summary
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70% Informative

Alberta finance minister says he's glad he's not in the situation facing finance minister Nate Horner today .

Global oil prices have fallen from US$ 92 a barrel on his first day on the job in September 2014 , down to $ 65 by the end of November .

Alberta 's new provincial budget projects a $5.2-billion deficit for the fiscal year that began April 1 .

Oil prices have fallen roughly $10 to $15 in the past two weeks on the market souring on the outlook, not on anything near-term on demand.

Most of the oil price drop on Monday was driven by tariff concerns, analyst says.

Stock markets were again rattled by the uncertainty on Monday , with Canada 's S&P / TSX down 1.4 per cent .

VR Score

77

Informative language

76

Neutral language

60

Article tone

semi-formal

Language

English

Language complexity

47

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

8

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