Canada deficit to shrink by 25 percent next year: PM

Thu Mar 17, 2011 1:43pm EDT
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OTTAWA (Reuters) - Canada's budget deficit will shrink by a quarter in the next year, Prime Minister Stephen Harper said on Thursday, without giving precise figures.

"The deficit over the past year has already shrunk by a quarter -- by over 25 percent. And it will shrink by the same amount once again in the year to come," he said in remarks to a lunch in Brampton, Ontario.

Harper's office provided reporters with a copy of his speech.

(Reporting by David Ljunggren; editing by Janet Guttsman)

<p>Canada's Prime Minister Stephen Harper speaks during Question Period in the House of Commons on Parliament Hill in Ottawa March 8, 2011. REUTERS/Chris Wattie</p>