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Cash-strapped GNWT to ask Ottawa to raise $1.8B debt limit

As drought conditions and wildfires have dried up the territory’s finances, the GNWT will now ask Ottawa to raise the debt level cap beyond the current $1.8 billion borrowing limit, says Finance Minister Carolyn Wawzonek. In an update to the Assembly on Friday, Wawzonek noted Marine Transportation Services, the Northwest…

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