FEDERAL LIBERAL BUDGET A WORK OF FICTION

The credibility of Bill Morneau, Canada's Finance Minister, is in tatters after his first budget - which broke campaign promises on deficits, the debt, and a commitment to a balanced budget by the next election. He also failed to honour a promise to millions of small business owners to lower their tax rate. And now, key numbers in his budget have been shown to be fiction by Bay Street economists, the Parliamentary Budget Office and even his own department.