‘Good news’ expected in spring economic update from federal govt.

Prime Minister Mark Carney suggests there will be “good news” about Ottawa’s fiscal situation when the federal government tables its spring economic statement Tuesday.

The mid-year update will offer Canadians a look at how the war in Iran and new spending items like a boost to the GST benefits are affecting federal finances.

Some analysts expect the deficit for the last fiscal year will come in lower than the $78.3 billion projected in the Liberals’ fall budget.

Carney told reporters Monday that the Liberals are “good fiscal managers” and have made tough decisions about cutting spending to keep federal finances on a sustainable track.

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