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Canada Finmin presented improved fiscal......>

CANADA
CANADA: Canada Finmin presented improved fiscal outlk on stronger growth,
better-than-expected FY16-17 outcome. Rev FY2017-18 budg gap estimate to C$19.9b
vs c$28.5b. Rev FY2018-19 budg gap estimate to C$18.6b vs C$27.4b. Now sees
federal debt/GDP 30.5% end FY17-18 vs 31.6% in March. Finmin says 'remains
committed to sound fiscal mgmt'. Better budg outlk on stronger
gdp,better-than-expectd FY16-17 outcome. Gov to cont to closely monitor hsg mkt.
Econ impact of higher rates to be felt gradually. Risks to the econ outlk
'appear broadly balanced'.

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