This is not going to be a CAD mover to much extent, if at all, just noting
Canada's 2018-19 budget deficit is expected to be C$18.1 bln
- from revised C$18.8 bln deficit forecast in February
2019-20 budget deficit expected to be C$19.6 bln
- In February was C$17.8 bln forecast
CAD fin min Morneau announcing, part of the fiscal update. More:
Canada will allow businesses to immediately write off for tax purposes full cost of machinery used in manufacturing and processing of goods
- the measure will expire in 2027
2018 growth forecast 2.0%
- 2019 growth forecast 2.0% also
2018-19 federal debt-to-GDP ratio forecast at 30.9% (from 31.9% in the February forecast
