Alberta announces new emergency payments because of COVID 19, falling oil prices

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EDMONTON – The Alberta government is providing $50 million for people forced to stay at home because of the COVID-19 pandemic.

Premier Jason Kenney says Albertans who meet the government’s criteria for self-isolation can apply online for one-time payments of $572.

He says Alberta families need financial relief because of the outbreak as well as tanking oil prices.

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Residents will also be able to defer their electricity and natural gas bills for the next three months.

There will be a six-month, interest-free moratorium on student loan payments.

As well, customers of the Crown-owned bank ATB Financial can apply for deferrals of their loans, lines of credit and mortgages for up to six months.

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