Canada deficit to hit C$29 billion this year, may prevent another rate cut: Reuters poll

Canada will run a budget shortfall of C$28.6 billion ($21.4 billion) in the coming fiscal year, which should keep the Bank of Canada from cutting rates but will not necessarily provide a big boost to growth, a Reuters poll found. Prime Minister Justin Trudeau's Liberal government was elected last October on a promise to run deficits for three years to help expand the economy. By contrast, the former Conservative government touted its balanced budget plans.