Morneau says deficit at least $18.4-billion, CIBC economist predicts $30-billion

Economists are urging the federal government to spend money on infrastructure as a way to boost the economy.

Finance Minister Bill Morneau is facing a deficit of at least $30-billion in the coming year, according to economist Avery Shenfeld, which is three times what the Liberals promised during the election campaign.The Hill Times photograph by Jake Wright

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BY DEREK ABMA

February 22, 2016

The federal government shed more light on the size of its deficit on Monday, and one prominent economist has predicted it will be at least $30-billion—about three times what the Liberals promised during the election campaign—due to lower-than-expected tax revenue from a slow econom...

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