Alberta
Did you win? Cash and Cars Lottery winners released today.
The names of all prize winners will be listed on the Cash and Cars Lottery website at cashandcarslottery.ca beginning today.
Cash and Cars Lottery Draws
Alberta (October 22, 2019)- “It’s donating with a chance to win, so it’s a win-win”.
That’s how Lawrence Chang of Leduc described his win when told his lucky ticket number 700737009 had just won him the Alberta Cancer Foundation You Win 50 draw. His half was $900,000 cash.
Anica Hicks of Calgary had a similar comment when told that she had just won the third grand prize in the Alberta Cancer Foundation Cash and Cars Lottery. She had the choice of a $270,000 annuity of $4,500 a month for 60 months or $250,000 cash. She decided to take the $250,000 cash.
“It’s important to give back to charity, so we buy tickets for all the lotteries,” she said. Her winning ticket number was 302164004.
Winners for the Cash and Cars Lottery 2,675 prizes worth $3.8 million and the You Win 50 were drawn in Calgary today.
A lucky Edmonton man won the lottery’s first grand prize package that includes a Kimberley Homes furnished show home in Edmonton, a 2019 Honda Civic Hatch Sport CVT and $10,000 cash. Joseph Andrews was holding ticket number 106617001. His prize is worth more than $1 million.
A Brooks man is now the recipient of the lottery’s second grand prize package in Calgary. Lyle Conners now owns a Truman furnished Brownstone in Calgary’s University District, a 2019 Honda CRV LX AWD and $10,000 cash, all worth a total of more than $800,000. Mr. Connors was holding lucky ticket number 207280001.
The annual lottery supports the Alberta Cancer Foundation, which is the official fundraising partner for all 17 Alberta Health Services cancer centres in the province, including the Tom Baker Cancer Centre in Calgary and the Cross Cancer Institute in Edmonton. Funds raised from the lottery allow the Alberta Cancer Foundation to strategically invest in breakthrough cancer research, clinical trials and enhanced care initiatives at all cancer centres in the province. The lottery makes life better for Albertans and their families facing cancer.
Other major lottery winners are:
- 2019 BMW X3 xDrive 30i -JUNE OLESKY of Calgary Ticket #205511002
- 2019 Infinity QX60 -CORI WILLIAMS of Spruce Grove Ticket #402203003
- 2019 Ram 1500 Tradesman Crew Cab 4X4 -GARRY HOLMEN of Bentley Ticket #400284009 (Garry and Denise have been buying a ticket every year since 2007. She is a cancer survivor).
- 2019 Hyundai Santa Fe Ultimate 2.0T AWD-DAVID MCGARRY of Redcliff Ticket #102898001
- 2019 Mini Cooper Countryman All4-RYAN AND JACKIE GARDNER of Peace River Ticket #111805001
- 2019 Toyota RAV4 XLE-BRIAN AHORNER of Airdrie Ticket #400374008 (He says he buys tickets every year to help the foundation. He has family members who passed away with cancer.)
- 2019 Acura ILX Premium -CAROL BEAUPRE of Edmonton Ticket #303020002 (She says she always buys tickets to support the foundation and says she knows a number of people impacted by cancer, including her mother. She said she was thrilled to win. It made her year.)
The names of all prize winners will be listed on the Cash and Cars Lottery website at cashandcarslottery.ca beginning today.
From the Fraser Institute
By Tegan Hill
According to the recent mid-year update tabled Thursday, the Smith government projects a $4.6 billion surplus in 2024/25, up from the $2.9 billion surplus projected just a few months ago. Despite the good news, Premier Smith must reduce spending to avoid budget deficits.
The fiscal update projects resource revenue of $20.3 billion in 2024/25. Today’s relatively high—but very volatile—resource revenue (including oil and gas royalties) is helping finance today’s spending and maintain a balanced budget. But it will not last forever.
For perspective, in just the last decade the Alberta government’s annual resource revenue has been as low as $2.8 billion (2015/16) and as high as $25.2 billion (2022/23).
And while the resource revenue rollercoaster is currently in Alberta’s favor, Finance Minister Nate Horner acknowledges that “risks are on the rise” as oil prices have dropped considerably and forecasters are projecting downward pressure on prices—all of which impacts resource revenue.
In fact, the government’s own estimates show a $1 change in oil prices results in an estimated $630 million revenue swing. So while the Smith government plans to maintain a surplus in 2024/25, a small change in oil prices could quickly plunge Alberta back into deficit. Premier Smith has warned that her government may fall into a budget deficit this fiscal year.
This should come as no surprise. Alberta’s been on the resource revenue rollercoaster for decades. Successive governments have increased spending during the good times of high resource revenue, but failed to rein in spending when resource revenues fell.
Previous research has shown that, in Alberta, a $1 increase in resource revenue is associated with an estimated 56-cent increase in program spending the following fiscal year (on a per-person, inflation-adjusted basis). However, a decline in resource revenue is not similarly associated with a reduction in program spending. This pattern has led to historically high levels of government spending—and budget deficits—even in more recent years.
Consider this: If this fiscal year the Smith government received an average level of resource revenue (based on levels over the last 10 years), it would receive approximately $13,000 per Albertan. Yet the government plans to spend nearly $15,000 per Albertan this fiscal year (after adjusting for inflation). That’s a huge gap of roughly $2,000—and it means the government is continuing to take big risks with the provincial budget.
Of course, if the government falls back into deficit there are implications for everyday Albertans.
When the government runs a deficit, it accumulates debt, which Albertans must pay to service. In 2024/25, the government’s debt interest payments will cost each Albertan nearly $650. That’s largely because, despite running surpluses over the last few years, Albertans are still paying for debt accumulated during the most recent string of deficits from 2008/09 to 2020/21 (excluding 2014/15), which only ended when the government enjoyed an unexpected windfall in resource revenue in 2021/22.
According to Thursday’s mid-year fiscal update, Alberta’s finances continue to be at risk. To avoid deficits, the Smith government should meaningfully reduce spending so that it’s aligned with more reliable, stable levels of revenue.
Author:
Better, faster, more affordable auto insurance
Alberta’s government is introducing a new auto insurance system that will provide better and faster services to Albertans while reducing auto insurance premiums.
After hearing from more than 16,000 Albertans through an online survey about their priorities for auto insurance policies, Alberta’s government is introducing a new privately delivered, care-focused auto insurance system.
Right now, insurance in the province is not affordable or care focused. Despite high premiums, Albertans injured in collisions do not get the timely medical care and income support they need in a system that is complex to navigate. When fully implemented, Alberta’s new auto insurance system will deliver better and faster care for those involved in collisions, and Albertans will see cost savings up to $400 per year.
“Albertans have been clear they need an auto insurance system that provides better, faster care and is more affordable. When it’s implemented, our new privately delivered, care-centred insurance system will put the focus on Albertans’ recovery, providing more effective support and will deliver lower rates.”
“High auto insurance rates put strain on Albertans. By shifting to a system that offers improved benefits and support, we are providing better and faster care to Albertans, with lower costs.”
Albertans who suffer injuries due to a collision currently wait months for a simple claim to be resolved and can wait years for claims related to more serious and life-changing injuries to addressed. Additionally, the medical and financial benefits they receive often expire before they’re fully recovered.
Under the new system, Albertans who suffer catastrophic injuries will receive treatment and care for the rest of their lives. Those who sustain serious injuries will receive treatment until they are fully recovered. These changes mirror and build upon the Saskatchewan insurance model, where at-fault drivers can be sued for pain and suffering damages if they are convicted of a criminal offence, such as impaired driving or dangerous driving, or conviction of certain offenses under the Traffic Safety Act.
Work on this new auto insurance system will require legislation in the spring of 2025. In order to reconfigure auto insurance policies for 3.4 million Albertans, auto insurance companies need time to create and implement the new system. Alberta’s government expects the new system to be fully implemented by January 2027.
In the interim, starting in January 2025, the good driver rate cap will be adjusted to a 7.5% increase due to high legal costs, increasing vehicle damage repair costs and natural disaster costs. This protects good drivers from significant rate increases while ensuring that auto insurance providers remain financially viable in Alberta.
Albertans have been clear that they still want premiums to be based on risk. Bad drivers will continue to pay higher premiums than good drivers.
By providing significantly enhanced medical, rehabilitation and income support benefits, this system supports Albertans injured in collisions while reducing the impact of litigation costs on the amount that Albertans pay for their insurance.
“Keeping more money in Albertans’ pockets is one of the best ways to address the rising cost of living. This shift to a care-first automobile insurance system will do just that by helping lower premiums for people across the province.”
Quick facts
- Alberta’s government commissioned two auto insurance reports, which showed that legal fees and litigation costs tied to the province’s current system significantly increase premiums.
- A 2023 report by MNP shows
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