July 7, 2020 / 11:51 PM / a month ago

CORRECTED-Canada's Morneau to forecast a federal deficit over C$300 bln -The Globe and Mail

(Corrects to Canadian dollars in headline and first paragraph)

July 7 (Reuters) - Canadian Finance Minister Bill Morneau will forecast a deficit in excess of C$300 billion ($220 billion) on Wednesday, The Globe and Mail reported, citing two senior government officials.

Morneau will forecast the deficit for only the current fiscal year and will not make any new policy announcements, the newspaper reported, citing a third senior government official.

$1 = 1.3608 Canadian dollars Reporting by Aishwarya Nair in Bengaluru; Editing by Tom Hogue

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