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Following the 1986 election, the Alliance Party took part in the development of a new federal party, the Reform Party of Canada. Following the Reform Party’s inception, the Alliance party returned to provincial politics.
This coalition of parties took another blow in 1989, when the Social Credit Party withdrew its support from the Alliance. Since then, the Alliance Party has continued its attempts to gain recognition as a viable alternative to the three parties currently in the legislature.
In 1998, the Alliance party followed the example of the Saskatchewan Party and the Manitoba Party by changing its name to the Alberta Party.