Prime Minister Justin Trudeau, left, and Finance Minister Chrystia Freeland pose for a photo before tabling the federal budget, on Parliament Hill in Ottawa on April 16.Photo by Justin Tang/The Canadian Press

Freeland updates today whether her deficit target is 'toast,' even after mothballing tax rebate

Finance Minister Chrystia Freeland has committed to a deficit no larger than $40.1 billion

by · National Post

OTTAWA — Finance Minister Chrystia Freeland is preparing to unveil the Liberal government’s latest fiscal update today, with all eyes on whether the government will stick to its commitment of having a deficit no larger than $40.1 billion. Already, the finance minister is backing off her government’s promise to send “tax rebate” cheques to workers in the spring as a way to limit the red ink.