Despite some exceptions, most provinces continue to post deficits - and some are facing serious challenges
The think-tank’s annual economic report card comparing 16 of the world’s richest countries puts Canada in fifth place overall
Resource-rich provinces see gains in GDP growth
Provincial Q1 operational revenue $211 million higher than expected
Only four provinces - British Columbia, Saskatchewan, Quebec and Nova Scotia - are expecting to balance their books this year
Resources account for more than 20% of revenue for Alberta, Saskatchewan and Newfoundland
Tax increases are minimal and some provinces have even managed to provide tax breaks
Canada's provinces must limit their spending to balance their budgets. But the task will be more challenging for some
Province getting a big boost from strong oil
Moody’s warns that revenues will grow at moderate pace