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Ontario lowers deficit forecasts for 2015-2016 fiscal year

Published 2015-11-26, 01:51 p/m
© Reuters.  Ontario lowers deficit forecasts for 2015-2016 fiscal year
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OTTAWA, Nov 26 (Reuters) - Ontario's government said on
Thursday in expects to see a smaller budget deficit in the
current fiscal year than previously anticipated, helped by the
initial public offering of utility Hydro One Ltd H.TO .
Ontario, Canada's most populous province, expects to run a
deficit of C$7.52 billion ($5.66 billion) in the 2015-16 fiscal
year, the government said in its budget update. That is down
from the C$8.5 billion deficit it had estimated in its April
budget.
($1 = 1.3284 Canadian dollars)

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