Alberta finance minister authorized to borrow up to $25 billion

The Alberta government has authorized Finance Minister Travis Toews to borrow up to $25 billion. The sum is nearly four times the amount the government expected to borrow this year when it approved its 2020-21 budget in March. `We expect the province`s deficit to be significantly larger due to reduced revenues and additional COVID-19 related spending,` Toews` press secretary, Jerrica Goodwin, said in a Thursday email. Although Toews may not need...

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