Trudeau Can Bank or Spend Economic Dividend in Fiscal Update
- Finance minister to unveil midyear budget scorecard Tuesday
- ‘What a difference half a year can make,’ TD economist says
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The Canadian government will unveil a budget update widely expected to show shrinking short-term deficits, as Finance Minister Bill Morneau looks to turn the page on questions about his own finances.
Morneau will deliver his Fall Economic Statement at about 4 p.m. Tuesday in Ottawa. The midyear update to the March budget will reflect the improving picture for government finances, driven by surprisingly strong growth. Over the past four quarters, the economy expanded by an average 3.7 percent, the best performance in almost a decade.