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Canada Provincial Deficits Shrink on Alberta Oil Surplus, Lifting CAD

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • Canada's provincial fiscal outlook improved with the combined deficit projected at CA$35.6 billion, aided by Alberta's turnaround to a CA$2 billion surplus on higher oil prices, according to BMO.
  • The aggregate provincial shortfall remains manageable at 1.0% of national GDP.
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