It is a time-honoured parliamentary tradition for finance ministers to congratulate themselves on making more progress than can possibly be justified by the facts. Read More

Modern Canadian budgets have become little more than an opportunity for the government to sell Canadians on how great a job it's doing. But the Carney Liberals' spring economic update, which was tabled on Tuesday, is so gravity-defying, it might as well have been lifted from a "Star Trek" script. Read More

Finance Minister François-Philippe Champagne has tabled the 2026 spring economic update. The fiscal update showed a smaller than projected budget deficit of $66.9 billion for the fiscal year. However, revenue projections have increased compared to the 2025 budget presented last fall, meaning the government has decided to spend more money. New measures outlined in Prime Minister Mark Carney’s mini-budget are projected to reach $37.5 billion in net new spending over the next six years. Read More

OTTAWA — While it included mostly tepid steps in response to what Prime Minister Mark Carney has called a period of ruptures, Tuesday's spring economic update was not without substance. For example, the document tabled Tuesday has a slightly lower deficit of $66.9 billion for the past year due to improved fiscal outcomes, and a rash of new spending thanks to the windfall. Read More

OTTAWA — Prime Minister Mark Carney is nothing if not consistent, so it was no surprise when his government introduced his spring economic update “Canada Strong, For All.” Read More

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

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