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Canada Finmin revised down federal budget....>

CANADA
CANADA: Canada Finmin revised down federal budget gap estimate to C$18.1b for
FY2018-2019 from C$18.6b in the Fall. Gross bond issuance to decline to C$115b
in FY18-19 from C$138b in FY17-18. Canada finance ministry made slight revisions
to its federal budget deficit projections through 2023, keeping both the deficit
and federal debt on a downward trajectory, while indicating no plan to balance
the budget anytime soon. Growth assumptions were also little changed from the
Fall 2017 estimates. Not a market moving budget.

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