October 19, 2018 / 1:47 PM / a month ago

Ottawa's bookkeeping changes will lead to higher deficit for Canada - CBC News

Oct 19 (Reuters) - The deficit and debt numbers for Canada in the federal government’s Annual Financial Report being released on Friday will be higher than projected because of an accounting change Ottawa is making, CBC News reported.

The federal government is changing how it calculates the sums it's on the hook for in order to guarantee its future pension obligations to public servants, including Royal Canadian Mounted Police and military personnel, the report bit.ly/2NPMQCK said. (Reporting by Laharee Chatterjee in Bengaluru)

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