Federal deficit
Ottawa runs $2.4B deficit for September
Shortfall blamed on a combination of lower revenue and higher program spending.
Additional $31.8B will be added to deficit over five years
Finance minister Morneau blames “new norm” of slow economic growth.
Finance minister rejects C.D. Howe report calling for spending to create jobs
Report argues keeping the deficit at 0.5% of GDP for three years to create the equivalent of 75,000 jobs.