I think you have to balance what you want to study
(which school has a better program? which school
offers classes that are more interesting to you? you
mentioned a coop program, if that's enticing, then
you need to consider it regardless of cost) with the
cost of obtaining your MBA (yes, it's going to cost $
90,000 up front in Toronto, but how much can you
make during an internship to offset the cost? How
much do people generally make in your desired
field when they finish school? Can you get a loan to
cover a majority of the cost? Will the cost of interest
of the loan be worth it in the end?)
Honestly, don't worry too much about the oil
situation in Alberta. I live in Edmonton and it tends
to affect those working in Calgary and Fort
McMurray more than it impacts us in Edmonton.
Yes, the influx of oilfield workers does have an
impact, but probably not on your job prospects two
years down the road. Oilfield worker vs someone
with an MBA = apples vs oranges. Unless you're
looking for a job in the energy sector - most of
those jobs are located in Calgary and yes, are
fewer and fewer right now - then you likely won't
have much issue finding work in either Alberta or
BC. Just because you get a degree in Alberta
doesn't mean you're stuck in Alberta after you're
done. Yes, it's probably easier to get a job here
because you've built a network based in Alberta,
but generally people in Alberta tend to bounce
around Alberta, BC and Saskatchewan to find work,
with some people moving back and forth between
the provinces many times in their lifetime.