Canada Premiers Want Fiscal Reforms For Oil Provinces

Canada’s premiers agreed to call on the government to reform a fiscal stabilization program that financially supports provinces going through hard times, such as Alberta due to the deterioration of its oil industry. The program, which dispenses federal funds, basically sees wealthier provinces helping poorer ones with a portion of their revenues--and historically, Alberta has typically been a helper rather than a province in need of help, but the 2014 oil price crisis followed by growing opposition to pipelines has stumped the industry’s…