December 16, 2019 / 3:53 PM / 2 months ago

Canada 2019-20 budget deficit to be larger than forecast - Finance Ministry

OTTAWA, Dec 16 (Reuters) - Canada’s budget deficit in 2019-2020 will be C$26.6 billion, larger than the C$19.8 billion forecast in March, Canadian Finance Minister Bill Morneau said on Monday.

Morneau, unveiling his first budget update since the ruling Liberals lost their majority in an October election, kept Canada’s 2019 growth forecast at 1.7%.

Reporting by Kelsey Johnson Editing by Chizu Nomiyama

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