Final report on 2017-18 spending shows $19-billion federal deficit last year

OTTAWA — The Liberal government’s annual financial report card to be released today will show Ottawa ran a shortfall of $19 billion in fiscal year 2017-18, which ended March 31. The deficit is slightly smaller than Finance Minister Bill Morneau’s prediction of $19.4 billion in last winter’s budget. But in May, the Finance Department’s fiscal monitor estimated the federal books would post a […]