Ottawa, December 19, 2008
2008-109

Archived - Government Confirms Partnership of Alberta Government in Support for ABCP Plan

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The Honourable Jim Flaherty, Minister of Finance, today confirmed the participation of the Alberta government in an agreement to support the Montreal Accord restructuring plan for non-bank sponsored asset-backed commercial paper (ABCP).

Together with the Government of Canada, the governments of Quebec, Ontario and Alberta will provide a senior funding facility to help investors and asset providers to achieve a stable and effective restructuring agreement.

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For further information, media may contact:

Chisholm Pothier
Press Secretary
Office of the Minister of Finance
613-996-7861

Jack Aubry
Media Relations
Department of Finance
613-996-8080

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