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A departure flight board displays various canceled and delayed flights in Ben Gurion International airport in Tel Aviv, Israel, Wednesday, July 23, 2014. THE CANADIAN PRESS/AP, Dan Balilty

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A departure flight board displays various canceled and delayed flights in Ben Gurion International airport in Tel Aviv, Israel, Wednesday, July 23, 2014. THE CANADIAN PRESS/AP, Dan Balilty

Ottawa starts year in better shape narrowing deficit to $1.15B in April-May

OTTAWA - The federal government continues to make progress in its drive to eliminate the deficit by next year, the latest accounting from the Finance Department shows.

In the first report on its financial position for the new 2014-15 fiscal period, the department said it posted a combined $1.15 billion deficit ...

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