Ottawa

Ottawa: OTTAWA - Ottawa's finances got off to a rocky start in the current fiscal year, posting a $2.7-billion deficit that was nearly $1 billion more compared to the same period last year. , according to Winnipeg Free Press. The 2012-13 fiscal year ended with an estimated $25.9 billion shortfall for the government the first year Ottawa failed to make significant progress in reducing its deficit since the recession. Finance Minister Jim Flaherty holds the 2013 budget on March 21, 2013. THE CANADIAN PRESS/Patrick Doyle The shortfall was larger than the $1.8-billion deficit recorded in the April and May period a year ago, the Finance Department reported Friday. (www.immigrantscanada.com). As reported in the news.