Redford vows to hold fiscal course despite oil price drop

CALGARY— The Tory government will make some adjustments to deal with falling oil prices but intends to stay the course when it comes to its budget plans, Premier Alison Redford said Wednesday.

The price for West Texas Intermediate crude dipped to $85 US a barrel on Wednesday — its lowest mark since July — compared to February’s provincial budget estimate of $99.25. If oil averaged $85 for the year, that could blow about $3 billion out of the government’s $40.2-billion revenue projections.

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