Manitoba forecasts fifth straight budget deficit B

By Rod Nickel WINNIPEG, Manitoba (Reuters) - The Western Canadian province of Manitoba forecast a budget deficit of C$518 million ($506.03 million) on Tuesday for its 2013-14 fiscal year, its fifth-straight deficit, as it warned of the costs of potentially major flooding this spring. Manitoba, whose economy depends in part on farming and mining, projected spending at C$14.8 billion and revenue of C$14.2 billion, both up 3 percent from 2012-13, and said it would raise the province's sales tax. ...