Canada provides C$251 mln payment to hard-hit Alberta

Tue Feb 23, 2016 11:12am EST
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TORONTO Feb 23 (Reuters) - Canadian Finance Minister Bill Morneau said on Tuesday the federal government will provide Alberta with an advance fiscal stabilization payment of about C$251.4 million ($182.12 million).

Prime Minister Justin Trudeau said earlier this month the government was prepared to provide an advance payment to the oil-producing province, where the jobless rate has spiked to its highest since 1996.

($1 = 1.3804 Canadian dollars) (Reporting by Jeffrey Hodgson)