Although its economy is still strong, growth is high and unemployment is low, a decline in bitumen prices brought on by decreased pipeline capacity has thrown the province's finances off the rails.
Alison Redford's government announced it would cut spending and borrow billions to cope with a multi-billion-dollar shortfall.
(also, the National Post's crazy "pay us $150 to quote an article as you are legally entitled to do freely under fair dealing" nonsense is disabled by Safari's "disable javascript" feature...)