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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

Carney says deal with U.S. on CUSMA ‘will take some time’

22 April 2026 at 14:49
OTTAWA — Prime Minister Mark Carney said it is not just the United States that sets the negotiation terms for the upcoming review of the Canada-United-States-Mexico-Agreement (CUSMA), but also acknowledged the outcome of those discussions will likely take "some time." Read More

‘An overstay has repercussions’: Officials promise action after damning report on international student program

20 April 2026 at 18:37
OTTAWA — Immigration officials submitted a plan of action to a House of Commons committee on Monday, following an auditor general's report that highlighted serious integrity issues in the international student visa program. Read More

‘Massive risk’: Chinese EVs are the first test for Canada’s new strategic partnership with China

17 April 2026 at 08:00
OTTAWA — Criticism over Canada allowing Chinese electric vehicles access to Canada’s market is mounting, with industry and geopolitical analysts warning of the risks associated with increased engagement with China. Read More
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