Canada government warns of big budget deficits, growth forecast cut

By David Ljunggren OTTAWA (Reuters) - Canada's Liberal government warned on Monday it would run much bigger budget deficits than previously anticipated, amid weaker-than-expected economic growth caused by low commodity prices. The announcement by Finance Minister Bill Morneau confirmed that the Liberals' economic estimates during last year's successful election campaign had been too rosy. Growth in 2016 would be 1.4 percent, down from the 2.0 percent forecast used in the finance department's las