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Canada to release federal budget on March 19: finance minister

FILE PHOTO: Canada’s Finance Minister Bill Morneau talks as Bank of Canada Governor Stephen Poloz looks on at the start of a meeting with provincial and territorial finance ministers in Ottawa, Ontario, Canada, December 10, 2018. REUTERS/Chris Wattie/File Photo

OTTAWA (Reuters) – The Canadian government will unveil its budget for the 2019/20 fiscal year on March 19, Finance Minister Bill Morneau said on Wednesday.

The budget is the last before a federal election in October. The Liberal government, which has pledged to boost spending to invigorate an economy hit by low oil prices, forecast in October the 2018-19 deficit at C$18.1 billion ($13.76 billion), smaller than the revised C$18.8 billion in the February 2018 budget.

Reporting by Julie Gordon in Ottawa; Editing by Peter Cooney

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