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Alberta is launching a $370-million job training program that will pay up to 25 per cent of an employee’s wages for a year in an effort to kickstart the economic recovery.
Premier Jason Kenney announced the long-awaited Jobs Now initiative Wednesday, saying the government expects it to help put more than 22,000 Albertans back to work.
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“Even though we have far too many unemployed Albertans, a growing number of businesses are reporting skill and labor shortages we have to bridge that gap,” said Kenney, who touted it as the largest job training program in the history of the province.
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The provincial deficit is now forecast to be more than $2 billion for the 2020-21 fiscal year, a drop of almost $900 million since the first-quarter update, which was predicting a $2.9 billion shortfall.
Finance Minister Scott Fielding and Premier Brian Pallister delivered the update on Thursday and say the improvement for the second quarter is due primarily to the inclusion of $648 million of federal transfers to the province for COVID-19 spending. The province also saved $347 million in the reduction of other base-budget expenditures.
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