Freeland refuses to say how big the deficit may get in 2020


Finance Minister Chrystia Freeland isn’t saying just how much in the red Canada’s books will be this year, blaming the effect such a statement might have on markets. Speaking to the Senate on Thursday, Freeland refused all attempts by senators to learn if her government will let the deficit surpass $400 billion. “I will not make projections today concerning the deficit,” she said. “That would not be prudent. I am the minister of finance. I know that everything I say has an impact on the market in Canada.” n July, the government projected a $343.2 billion deficit for the upcoming fiscal year. In August, Freeland announced that the deficit has increased $39 billion higher than the previous estimate.

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