Web Notifications

SaltWire.com would like to send you notifications for breaking news alerts.

Activate notifications?

Canada's Morneau to forecast a federal deficit over C$300 billion: The Globe and Mail

STORY CONTINUES BELOW THESE SALTWIRE VIDEOS

Olive Tapenade & Vinho Verde | SaltWire

Watch on YouTube: "Olive Tapenade & Vinho Verde | SaltWire"

(Reuters) - Canadian Finance Minister Bill Morneau will forecast a deficit in excess of C$300 billion ($220 billion) on Wednesday, The Globe and Mail reported, citing two senior government officials.

Morneau will forecast the deficit for only the current fiscal year and will not make any new policy announcements, the newspaper reported, citing a third senior government official.

(This story corrects to Canadian dollars in headline and first paragraph)

(Reporting by Aishwarya Nair in Bengaluru; Editing by Tom Hogue)

Share story:
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT