The longtime ruling party of Canada’s energy-rich Alberta province lost its four-decade hold on power on Tuesday, ushering in a left-leaning government that has pledged to raise corporate taxes and increase oil and gas royalties. The Alberta New Democratic Party swept enough districts to form a majority, taking most of the seats in both the business center of Calgary and the provincial capital of Edmonton, according to preliminary results from Elections Alberta. The outcome was a blow to Premier Jim Prentice’s Progressive Conservative party and one that threatens to roil the province’s economy amid a slump in energy prices. “We need to start down the road to a diversified and resilient economy. We need finally to end the boom-and-bust roller coaster that we have been […]