The parliamentary budget officer has predicted a $46.8 billion federal deficit
The key interest rate is now 3.25%
PBO has projected the government's deficit will be $46.8 billion
The parliamentary budget officer is projecting a $46.8 billion deficit for the last fiscal year
A 50-basis-point cut would put the central bank's key interest rate at 3.25%
The economy added 51,000 jobs in November
That compares to an $8.2B deficit recorded over the same period last year
The StatCan data comes ahead of the BoC's interest rate decision on Dec. 11
GST break will run Dec. 14 to Feb. 15; cheques will go out in the spring
The rate is now back to the Bank of Canada's target