Federal government posts third straight double-digit deficit with $14B shortfall

OTTAWA — The federal government’s latest annual financial report shows it ran a $14-billion deficit in 2018-19 for its third consecutive double-digit shortfall. The deficit for the fiscal year that ended March 31 was $900 million smaller than the government projected in last spring’s federal budget. The report says revenues in 2018-19 expanded by $21 billion — or 6.7 per cent […]