The World - News from April 27, 1989

Canada is canceling a controversial $6.7-billion program to buy nuclear submarines in a bid to tame a huge budget deficit, the Canadian finance minister said. At a hastily called news conference to discuss details of the budget, which was leaked by a Canadian television network, Finance Minister Michael Wilson said: “We now must take action, decisive action now to control that debt through deficit reduction. . . . “ Wilson said the deficit will total $25 billion in the fiscal year ending March 31, 1990. The government had been looking at British and French submarines, which would have patrolled Arctic waters.