Alberta
Province advancing plans to build stand-alone Stollery Children’s Hospital

Investing in a new Stollery Children’s Hospital |
If passed, Budget 2024 will allocate $20 million over three years to advance plans for a stand-alone Stollery Children’s Hospital in Edmonton.
With 236 beds, the Stollery Children’s Hospital is the second-largest children’s hospital in Canada and has among the highest inpatient volumes of any children’s hospital in Canada. As the province’s population continues to grow, it is crucial that children in Edmonton and northern Alberta have access to the specialized care they need.
Alberta’s government is steadfast in its commitment to build a stand-alone Stollery Children’s Hospital. A new facility would provide more beds, larger clinical spaces, more private rooms and dedicated areas for children and their families. It would also result in additional teaching spaces and state-of-the-art technologies to enhance health care delivery specifically for children.
“A new, stand-alone children’s hospital will build capacity and enable health care providers to continue delivering world-class care to children. This investment, as well as other capital investments outlined in Budget 2024, is an example of how we are creating a more unified and efficient health care system for Albertans. I look forward to sharing more details soon.”
“The new Stollery Children’s Hospital project is the latest addition to Edmonton’s health care infrastructure. Building upon the successes of recent projects like the new emergency department at the Misericordia Community Hospital and Norwood West at the Gene Zwozdesky Centre, the new Stollery will help increase health care capacity in the capital region.”
Alberta’s government initially invested in the project in 2021, providing $1 million that was matched by the Stollery Children’s Hospital Foundation. The proposed investment in Budget 2024 will include $17 million in new funding, following the $3 million invested through last year’s budget, for a total investment of $21 million in government funding over four years.
The investment in a new stand-alone Stollery Children’s Hospital is not only important for families in the city of Edmonton and capital region, it is important for families living across northern Alberta. The Stollery Children’s Hospital serves families in a geographical area of more than 500,000 square kilometres, stretching from Red Deer to Alberta’s northernmost border with the Northwest Territories. Almost 40 per cent of inpatients at the Stollery come from outside the Edmonton area and the hospital is the closest and primary children’s hospital for residents of the Northwest Territories.
“The Stollery has an incredible reputation for the impact it makes in the community, and especially in northern Alberta. This stand-alone Stollery Children’s Hospital is a long-awaited, necessary project that will help provide additional health care services to children and their families when they need it the most.”
“This remarkable investment will take us one step closer to our goal of building a reimagined Stollery Children’s Hospital for the future. A new Stollery is poised to provide the most innovative, modern and family-centred physical and mental health care to help bring hope and comfort to kids dealing with serious illness and injury. Thank you to the Government of Alberta for recognizing the very real need for this hospital.”
“A new Stollery Children’s Hospital is urgently needed to provide dedicated care for our children. By separating kids from adults, a stand-alone Stollery ensures a nurturing environment and the most modern pediatric equipment and resources to offer families like ours a health care space designed exclusively for our children.”
Plans for the new hospital include integrating mental health resources, virtual care, research and training facilities to better support patients and improve health outcomes. There will also be a focus on ensuring health care providers, parents and caregivers have the resources they need to support patients.
Alberta’s government remains dedicated to expanding and modernizing hospitals and facilities to provide Albertans with high-quality health care while increasing system capacity and supporting front-line health care workers.
“Alberta’s government is committed to building a stand-alone Stollery Children’s Hospital when planning is complete. A new facility would provide more beds, larger clinical spaces, more private rooms and dedicated areas for children and their families. There would also be more teaching spaces and state-of-the-art technologies to enhance health care delivery.”
Quick facts
- Established in 2001, the Stollery Children’s Hospital is a full-service pediatric hospital and centre for complex pediatric care and research.
- The Stollery Children’s Hospital sees about 300,000 children, 55,000 emergency room visits and 12,000 surgeries annually.
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Alberta
Premier Danielle Smith responds to election of Liberal government

Premier Danielle Smith released the following statement following the re-election of a Liberal government in Ottawa.
I congratulate Prime Minister Mark Carney on his minority government election victory last night.
I also want to sincerely thank Pierre Poilievre for his powerful and principled advocacy against the last decade’s punitive taxation and anti-resource policies that have made our country weaker, more divided and overly-dependent on the United States.
Mr. Poilievre’s vision for a safer, more affordable, united and prosperous Canada drove the policy debate in this country for the last several years and has inspired millions to see the unique potential of our nation. While Liberals and New Democrats demeaned and demonized Albertans, our values and our industries for political gain, Mr. Poilievre made empowering Albertans and our energy sector a cornerstone of his campaign. His respect and admiration for Albertans could not have been clearer. He is and continues to be a true friend of Alberta.
As Premier, I invite the Prime Minister to immediately commence working with our government to reset the relationship between Ottawa and Alberta with meaningful action rather than hollow rhetoric. A large majority of Albertans are deeply frustrated that the same government that overtly attacked our provincial economy almost unabated for the past 10 years has been returned to government.
As Premier, I will not permit the status quo to continue. Albertans are proud Canadians that want this nation to be strong, prosperous, and united, but we will no longer tolerate having our industries threatened and our resources landlocked by Ottawa.
In the weeks and months ahead, Albertans will have an opportunity to discuss our province’s future, assess various options for strengthening and protecting our province against future hostile acts from Ottawa, and to ultimately choose a path forward.
As Premier, I will facilitate and lead this discussion and process with the sincere hope of securing a prosperous future for our province within a united Canada that respects our province’s constitutional rights, facilitates rather than blocks the development and export of our abundant resources, and treats us as a valued and respected partner within confederation.
Our government will be holding a special caucus meeting this Friday to discuss this matter further. I will have more to say after that meeting is concluded.
Alberta
Low oil prices could have big consequences for Alberta’s finances

From the Fraser Institute
By Tegan Hill
Amid the tariff war, the price of West Texas Intermediate oil—a common benchmark—recently dropped below US$60 per barrel. Given every $1 drop in oil prices is an estimated $750 million hit to provincial revenues, if oil prices remain low for long, there could be big implications for Alberta’s budget.
The Smith government already projects a $5.2 billion budget deficit in 2025/26 with continued deficits over the following two years. This year’s deficit is based on oil prices averaging US$68.00 per barrel. While the budget does include a $4 billion “contingency” for unforeseen events, given the economic and fiscal impact of Trump’s tariffs, it could quickly be eaten up.
Budget deficits come with costs for Albertans, who will already pay a projected $600 each in provincial government debt interest in 2025/26. That’s money that could have gone towards health care and education, or even tax relief.
Unfortunately, this is all part of the resource revenue rollercoaster that’s are all too familiar to Albertans.
Resource revenue (including oil and gas royalties) is inherently volatile. In the last 10 years alone, it has been as high as $25.2 billion in 2022/23 and as low as $2.8 billion in 2015/16. The provincial government typically enjoys budget surpluses—and increases government spending—when oil prices and resource revenue is relatively high, but is thrown into deficits when resource revenues inevitably fall.
Fortunately, the Smith government can mitigate this volatility.
The key is limiting the level of resource revenue included in the budget to a set stable amount. Any resource revenue above that stable amount is automatically saved in a rainy-day fund to be withdrawn to maintain that stable amount in the budget during years of relatively low resource revenue. The logic is simple: save during the good times so you can weather the storm during bad times.
Indeed, if the Smith government had created a rainy-day account in 2023, for example, it could have already built up a sizeable fund to help stabilize the budget when resource revenue declines. While the Smith government has deposited some money in the Heritage Fund in recent years, it has not created a dedicated rainy-day account or introduced a similar mechanism to help stabilize provincial finances.
Limiting the amount of resource revenue in the budget, particularly during times of relatively high resource revenue, also tempers demand for higher spending, which is only fiscally sustainable with permanently high resource revenues. In other words, if the government creates a rainy-day account, spending would become more closely align with stable ongoing levels of revenue.
And it’s not too late. To end the boom-bust cycle and finally help stabilize provincial finances, the Smith government should create a rainy-day account.
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