Feds post deficit of $8.4B through first 10 months of ’17 18: estimate + MORE Apr 1st

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OTTAWA _ A preliminary analysis of the federal books says the government ran a budgetary deficit of $8.4 billion through the first 10 months of the fiscal year, compared with a shortfall of $12.8 billion for the same period last year.
The Finance Department’s latest monthly fiscal monitor shows overall revenues were up $11.6 billion, or 4.9 per cent, compared with the same period last year, thanks to an increase in tax revenues that was only partially offset by a decline in incoming employment insurance premiums.
The government’s recent budget predicted a shortfall in 2017-18 of $19.4 billion, which is $1 billion more than the deficit projection in its fall fiscal update.
The fiscal monitor says program spending rose $7.4 billion, or 3.2 per cent, compared with the same 10-month stretch last year, due to increases in major transfers to individuals, other levels of government and direct program expenses.
The report says direct program expenses were up $2.8 billion, or 2.8 per cent, largely because of operational and personnel costs at National Defence…

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TORONTO _ With just four weeks until she was set to walk down the aisle, Ashleigh Post learned the celebration she and her fiance had planned at an Ontario waterfront restaurant had to be moved elsewhere after the venue’s lease was suddenly terminated.
It was peak wedding season last July when she started calling venues in and around Hamilton to find any that could accommodate 100 people and a ceremony on little notice, but many venues are often booked up more than a year in advance.
“We ended up having to pay a lot more than we expected,” said Post, who was able to shift her wedding to another restaurant in the city and keep her wedding date.
“Because we lost the venue so close to the wedding, we had to take what we could, and that cost us.”
Post estimates the debacle cost the couple an extra $15,000.
The last thing a couple wants to think about when planning their big day are major mishaps, but they do occur and insurance companies are increasingly offering policies that can cover scenarios like Post’s…

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