Federal deficit hits $11.1B as spending surges
Canada's federal government reported a substantial $11.1 billion deficit from April to August, with spending significantly outpacing revenue growth as economic challenges mount.
Canada's federal government reported a substantial $11.1 billion deficit from April to August, with spending significantly outpacing revenue growth as economic challenges mount.
Discover how the federal government's new budget rules will impact spending, deficits, and economic growth. Get the essential breakdown of Ottawa's fiscal overhaul.
As the federal government prepares its next budget, concerns mount over continued deficit spending and its impact on Canadian households already struggling with affordability.
New data from Statistics Canada reveals a significant downturn in exports, with tariffs creating headwinds for the nation's economic growth and international trade performance.