Republican Senator Rejects Trump's $2,000 Tariff Checks
Wisconsin Senator Ron Johnson opposes President Trump's proposal for $2,000 tariff dividend payments, warning about the growing U.S. deficit and calling the plan unaffordable.
Category : Search result: deficit spending
Saskatchewan projects $427 million deficit
Saskatchewan's budget surplus has turned into a $427 million deficit due to wildfire expenses and healthcare pressures. Learn how provincial finances shifted dramatically.
Ottawa School Board Posts $5.4 Million Deficit
Ottawa-Carleton District School Board reports $5.4 million deficit for 2024-25 as provincial supervisor conducts financial review. Learn about the budget challenges facing public education.
Canada Post Reports $541M Loss in Q3 2025
Canada Post faces staggering $541 million pre-tax loss in third quarter, marking unprecedented financial crisis for national mail service. Learn what's behind the massive deficit.
Ottawa Budget Ignores OC Transpo's Crippling Deficits
Ottawa's 2026 budget offers no solution for OC Transpo's unsustainable deficits, relying on uncertain provincial bailouts while transit faces $140M annual shortfalls.
Carney's Budget Shows Same Fiscal Traps as Trudeau
New research reveals Mark Carney's government may be repeating Justin Trudeau's fiscal forecasting errors. Learn how optimistic budgeting affects Canada's economy.
PBO: Low Chance Carney Govt Hits Fiscal Targets
Canada's budget watchdog reports a mere 7.5% probability the Carney government will achieve its key fiscal anchors, including reducing the deficit-to-GDP ratio. Read the analysis.
U.S. Trade Deficit Drops 24% as Tariffs Cut Imports
The U.S. trade deficit saw a dramatic 24% decline in August 2025 as Trump's tariffs reduced imports. Get the full analysis of economic impacts and market reactions.
Windsor-Essex school board re-elects chair
Gale Simko Hatfield re-elected as chair of Greater Essex County District School Board while addressing challenges including trustee resignations and financial deficits.
Conservatives Weigh Election Over Carney's $78B Deficit
Conservative leader Pierre Poilievre faces critical decision on triggering election to block Mark Carney's budget with $78 billion deficit. Analysis of political risks and policy opportunities.
PBO reveals Liberal budget accounting tricks
Parliamentary Budget Officer confirms $94B in Liberal 'capital investments' don't meet standard definitions, exposing fiscal manipulation in Carney's first budget.
Carney's accounting tricks fail to impress
Parliamentary Budget Officer finds Carney government's capital spending definition 'overly expansive' in new report. Read the full analysis of Canada's fiscal framework.
U.S. to slash food tariffs, lower Swiss import fees
The Trump administration announces major tariff cuts on food items like coffee and bananas to address inflation, alongside new trade deals with Argentina, Ecuador, and El Salvador.
N.B. projects highest deficit in two decades at $834.7M
New Brunswick faces its largest budget deficit in two decades at $834.7 million. Learn how this impacts provincial finances and what it means for taxpayers.
Operating spending driving deeper deficits: PBO
Parliamentary Budget Officer reveals Ottawa's operational expenses, not capital investments, are primarily responsible for growing budget deficits. Learn the fiscal implications.
Fitch Warns of 'Slippery Slope' for Canada's Finances
Fitch Ratings maintains Canada's AA+ credit rating but warns of fiscal risks from rising deficits and debt. Learn about the agency's concerns and what it means for the economy.
North Bay Hospital Cuts 40 Jobs, Union Plans Protest
Unionized workers at North Bay Regional Health Centre will protest Wednesday after hospital announces 40 position cuts to address $5.6 million deficit. Rally planned.
Canada's 2025 Federal Budget: Carney's Influence Revealed
Canada's 2025 federal budget reveals sweeping economic reforms with Mark Carney's influence evident. Discover how businesses are reacting to new fiscal policies and what it means for the Canadian economy.
Ottawa Cuts 5,000 Public Service Jobs in 2024 Budget
The Canadian government reveals sweeping changes to the public service through strategic attrition and AI integration. Discover how the 2024 budget aims to balance fiscal responsibility with service delivery.
Liberals silent on StatsCan data cuts amid budget reductions
Former Statistics Canada chief expresses deep concern over federal budget cuts that could eliminate crucial data programs, while Liberal government remains tight-lipped about which statistical services face the chopping block.
Manitoba invests $176.5M in rental housing expansion
The Manitoba government is launching a massive $176.5 million rental housing incentive program to create thousands of new affordable units across the province, addressing the critical housing shortage.
US Holiday Shopping to Hit First $1 Trillion Season
The National Retail Federation forecasts unprecedented holiday spending as American consumers defy inflation concerns with record-breaking retail activity.
Carney Signals Major Fiscal Policy Shift in Budget
Bank of Canada Governor Mark Carney announces a significant departure from traditional fiscal management, emphasizing strategic investment over austerity measures in the latest budget framework.
Freeland: Economic Overhaul Just Beginning Despite Deficit
Finance Minister Chrystia Freeland defends Canada's massive deficit spending, promising more ambitious economic reforms focused on boosting competition and supporting middle-class Canadians.
Ontario deficit drops $1B amid US tariff fight
Ontario's financial deficit has shrunk by $1 billion as the province pours billions into fighting US steel and aluminum tariffs while maintaining robust economic growth.
Ottawa's Fiscal Crossroads: Deep Cuts Proposed
As Ottawa faces unprecedented budget pressures, city officials propose controversial spending reductions that could transform public services and community programs across the capital region.
Ontario's Debt Crisis: Ford's Fiscal Test Ahead
As Ontario's debt balloon approaches $500 billion, pressure mounts on the Ford government to deliver fiscal responsibility in the upcoming fall economic statement. Experts warn of serious consequences without immediate action.
U.S. Government Shutdown Threat Grows After Election Wins
Growing Democratic momentum following key election wins threatens to derail bipartisan spending negotiations, increasing the likelihood of a partial U.S. government shutdown beginning Saturday.
The Case for Permanently Closing the U.S. Government
A provocative argument suggests the U.S. government has grown too bloated and inefficient. Discover why some experts believe permanent closure might actually benefit America.
Fiscal Expert Gives Qualified Support to Federal Budget
Kevin Page, Canada's first parliamentary budget officer, provides qualified support for Chrystia Freeland's federal budget while warning about fiscal risks and implementation challenges ahead.
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