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Federal deficit smaller than expected in spring economic update, but with $37.5B in extra spending

28 April 2026 at 20:02
OTTAWA — Prime Minister Mark Carney’s spring fiscal update showed a smaller than projected budget shortfall of $66.9 billion for the fiscal year that just ended, thanks to a Canadian economy that performed stronger than expected and increased personal and corporate income tax revenues. Read More

Budget watchers expect lower deficit than projected, but warn government should keep its fiscal powder dry

28 April 2026 at 08:00
OTTAWA — Fiscal analysts expect the federal deficit in Tuesday’s spring economic update to be less than what was initially projected, thanks to higher revenues and revised GDP figures. Read More
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