Canada deficit to hit 3.4 pct of GDP: government paper
OTTAWA (Reuters) - Canada's federal budget deficit will amount to 3.4 percent of gross domestic product in the current fiscal year, a government document released on Wednesday showed.
The document, handed out by a spokesman for Finance Minister Jim Flaherty, refers to the percentage share that the minister's revised budget deficit projection of more than $50 billion would have.
It showed that Canada would have the lowest ratio of deficit to GDP of any of the Group of Seven leading industrialized nations.
(Reporting by Randall Palmer, writing by Jennifer Kwan)
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