Reenergized: Alberta forecasting a $12.3 billion surplus thanks to high oil revenues

High revenue from a rejuvenated energy sector will lead Alberta to surplus of more than $12.3 billion this fiscal year, according to the province. The number was included in the second quarter fiscal update rolled out Thursday by Finance Minister Travis Toews. The $12.3 surplus is down $900 million from first quarter projections, but $11.8 billion higher than what was predicted in Alberta's last budget. And by and large, there's one thing to thank. ENERGY, RE-ENERGIZED Non-renewable resource rev