Nova Scotia deficit projection rises by more than 70 per cent to record $1.2 billion

HALIFAX — With revenues down and spending up due to a slowing economy, Nova Scotia is forecasting a record deficit of $1.2 billion for the current fiscal year. The figure released Monday by Finance Minister John Lohr is significantly higher than the $697.5-million deficit projected in February’s budget. Lohr said provincial revenues have dropped $44.9 […]