Canada Sept budget gap jumps on Alberta flood aid

Newswire

OTTAWA, Nov 29 (Reuters) - The cost of helping Alberta recover from floods in July helped boost the federal budget deficit in September to C$3.84 billion ($3.62 billion) from C$2.23 billion a year earlier, the Finance Department said on Friday. The government recorded a C$2.8 billion liability for the Alberta disaster assistance, and a C$0.7 billion gain on the sale of 30 million shares of General Motors Co stock which it had acquired as part of a bailout in the recession. ...

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