Canada set for smaller 2010-11 deficit than forecast

Newswire

* Final 2010-11 deficit to be lower than estimated * Revenues climb 5.9 pct, expenses down 0.4 pct in year OTTAWA, May 27 (Reuters) - Canada is set to post a smaller 2010-11 budget deficit than expected, the Department of Finance said on Friday, likely helping the Conservative government fulfill its hope for a quicker return to surplus. The budget shortfall in the fiscal year ended March 31 was C$34.4 billion ($35.1 billion). The March deficit came in at C$6.2 billion compared with ...

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