CBC.ca | Alberta spends and NL taxes, on different paths after oil price crunch CBC.ca The oil price shock was a theme in both budgets. When oil prices were high two years ago, Newfoundland and Labrador earned nearly a third of its revenue from energy royalties, Alberta's number was just above 20 per cent. The drop in oil prices was ... Alberta opts for deficits, Newfoundland chooses harsh tax hikes amid oil woes |