Canada's Trudeau to Release First Budget in March, Party Says

Canadian Prime Minister Justin Trudeau’s first budget will be released in March, according to a party e-mail.

The message from the Liberal Party, sent under the name of British Columbia lawmaker Jati Sidhu, is seeking input on the budget. “That is why when we table our first budget in March, we want it to be built together with the input of Canadians from all across the country,” the e-mail says.

Reached Thursday evening, Carlene Variyan, a spokeswoman for Finance Minister Bill Morneau, said: “We cannot confirm a date.”

Trudeau took power Nov. 4 and has seen Canada’s economic outlook worsen drastically due to falling oil prices and a weakening dollar. He had campaigned on a deficit not exceeding C$10 billion ($6.9 billion) in fiscal 2016, though has since avoided reiterating that pledge.

The timing of the budget has taken a heightened importance after Bank of Canada Governor Stephen Poloz said Wednesday he held off from lowering interest rates in part to see the extent of the government’s stimulus package.

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