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Future grim for Alberta, DBRS says, with province expected to blow through debt limits this year

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EDMONTON – A globally recognized credit rating agency is sounding alarm bells on Alberta’s debt situation. The Toronto-based agency DBRS, in a report issued Thursday, says with oil prices so low and also the government’s borrowing plans excessive, Alberta will exceed its very own self-imposed legislated debt limits this fiscal year. The agency confirmed Alberta’s top-drawer triple-A credit score, but ...

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