Canadian province Saskatchewan hikes deficit view as oil prices fall

Mon Feb 29, 2016 2:09pm EST
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Feb 29 (Reuters) - The resource-rich Canadian province of Saskatchewan said on Monday that its projected deficit would be larger than previously estimated, inflated by a drop in oil prices that hit government revenues.

The province's 2015/16 deficit, its first in two decades, looks to be C$427 million ($315.76 million), up sharply from C$262.2 million forecast in November. ($1 = 1.3523 Canadian dollars) (Reporting by Rod Nickel in Winnipeg, Manitoba; Editing by Chris Reese)