Alberta could fall back into recession this year, albeit a modest recession, according to a new report by the Conference Board of Canada. The report specifically points to the Alberta government decision to restrict oil production as one of the main culprits. "The effect on investment has been severe, and the Alberta economy is set to contract by 0.1 per cent in 2019 — a mild recession, but a recession nonetheless." Alberta Finance Minister Travis Toews said the conference board's report "emboldens" the government to press forward with key policy planks, including corporate tax cuts and repealing the carbon tax. But the Alberta-based bank does not expect the province to slip into recession.

Source: CBC News May 28, 2019 17:37 UTC