Here is a link to Agriculture Alberta's map for moisture throughout this season so far. This was updated under a month ago.
http://www1.agric.gov.ab.ca/$Department/deptdocs.nsf/all/ppe9917/$FILE/Feb_10_2015_MSU.pdf
According to the maps, the areas with lower soil moisture than normal (north-central and northern Alberta) have a higher than normal snowpack, while the areas with a lower snowpack (extreme southern Alberta [from Calgary to border]) have significantly higher than normal soil moisture for this time of year. So with that in mind, it looks like it will balance out. The mountains to Calgary's southeast also have a significantly higher than average snow pack, so hopefully things will be fine in the south where the danger of drought this year is very real (considering no precipitation forecast for the entirety of what is usually our snowiest month).
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