OTTAWA — The federal government will update Canadians on Friday on the state of the economy and the public finances.
Finance Minister Bill Morneau will release his fiscal and economic update at a time when the country is still trying to shake off the negative effects of low oil prices.
This will be the first time the Liberals will open the books to the public since taking power from the Conservatives last month.
The Finance Department says the calculations will not include measures the Liberals have pledged to adopt.
Treasury Board President Scott Brison recently suggested the Liberal government may have to make adjustments to fulfil its election promises because the Conservatives left only a few fiscal scraps behind.
The Liberals promised to keep budget deficits at no more than $10 billion a year over the next three years and still balance the books before the next election.