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

Published 2020-07-07, 08:00 p/m
© Reuters. FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Ottawa

(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)

© Reuters. U.S. President Trump hosts coronavirus response event on reopening schools at the White House in Washington

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