Joe Ceci warns gaping oil differential 'a crisis,' could spur economic downturn

Alberta’s latest economic update boasted of strong growth in the first half of 2018-19, but warned of a future slump due to the brutal oil price differential pummeling energy producers.
“The oil price differential is a crisis for Alberta and a crisis for Canada,” said Finance Minister Joe Ceci at a news conference Friday.
The second-quarter financials projected a $1.3-billion reduction in the provincial deficit, totalling $7.5 billion for 2018-19.
“There are some thi