OTTAWA <span>— Finance Minister Chrystia Freeland is preparing to unveil the Liberal government’s latest fiscal update today, with all eyes on whether the government will stick to its commitment of having a deficit no larger than $40.1 billion. Already, the finance minister is backing off her government’s promise to send “tax rebate” cheques to workers in the spring as a way to limit the red ink.</span>

Just last week, BMO chief economist Douglas Porter predicted that "Ottawa's deficit targets are toast."{ai:summary}<p>Finance Minister Chrystia Freeland is set to present the Liberal government's fiscal update, focusing on maintaining a deficit cap of $40.1 billion. However, she is already retreating from the promise of sending tax rebate checks to workers in the spring to help manage the deficit. #economy</p>

Freeland updates today whether her deficit target is 'toast,' even after mothballing tax rebate

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