The long-serving center-right government of Canada’s oil-rich Alberta province became the first major Election Day casualty of slumping global oil prices, as a left-leaning government swept to power in a vote that shocked Canada’s political establishment. Alberta’s Progressive Conservative Party, which has governed the western Canadian province since 1971—the longest-serving governing party in Canadian history—fell to a distant third place in Tuesday’s election, behind the leftist majority and a resurgent right-wing opposition party. The upset by the New Democratic Party threatens to slow investment and development in Alberta’s oil patch if companies dial back in anticipation of new regulatory hurdles or costs. Alberta’s once-roaring economy has already ground to a virtual standstill, with real […]