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Ceci Says Alberta Gap Will Grow `Hell of a Lot' to C$10 Billion

Alberta’s economy will shrink for a second year in 2016 as the oil-reliant Canadian province suffers from the lingering effects of a crude-price crash.

The deficit in the fiscal year that begins April 1 may be about C$10.4 billion ($7.6 billion), while the shortfall in the current fiscal year will reach C$6.32 billion, almost C$200 million higher than forecast in October, the finance ministry said Wednesday.