Canada's Fiscal Deficit Grows 27% in 2025/26
Canada's federal budget deficit for the first seven months of the fiscal year widened sharply to C$18.37 billion, a 27% increase. Explore the details and implications for the economy.
Category : Search result: Canada federal deficit
Copper Hits Record High Above US$12,000 a Ton
Copper prices smash records, topping US$12,000 a ton. Driven by Trump's tariffs, severe mine outages, and a looming historic deficit, the rally defies a slowing Chinese economy. Discover the forces reshaping this critical metal's market.
Edmonton aims for balanced budget, repairs finances
Edmonton's city administration is working to eliminate structural budget deficits and rebuild its financial stabilization reserve after years of pandemic-related shortfalls. CFO Stacey Padbury outlines the plan for the next four-year budget cycle.
Feds move $900M pension surplus, PSAC criticizes
The federal government transfers a $900M pension surplus to its general account, sparking union criticism. PSAC demands funds be reinvested in workers' benefits.
P.E.I. forecasts $367.4M deficit for 2025-2026
Prince Edward Island's government reports a projected deficit of $367.4 million for the 2025-2026 fiscal year. Explore the details and implications for the province's budget and public services.
Early CPP, OAS Payments Delivered Before Christmas
Canadian seniors receive their final 2025 CPP and Old Age Security payments early this month. Learn about the amounts, eligibility, and the 2026 increases.
Nova Scotia deficit climbs to $1.29B in fiscal update
Nova Scotia's deficit has reached $1.29 billion, driven by expenses outpacing revenue. Minister John Lohr delivered the final update on the 2025 budget. Learn the details.
Toronto Sun Letters: Readers Debate Tolerance, Ford, Liberals
A collection of reader letters to the Toronto Sun tackles religious tolerance, provincial overreach, and soaring living costs. Discover what Canadians are saying about the issues that matter most.
Eby Calls Federal Help Critical for B.C. Trade Infrastructure
B.C. Premier David Eby emphasizes the need for federal partnership on infrastructure vital to trade, highlighting projects like the Massey Tunnel. Read more on the economic priorities.
Analysis: Ford's Spending, Debt Match Predecessor Wynne
An analysis of Ontario's finances reveals Premier Doug Ford's per-person spending and debt trajectory align closely with the Liberal era he once criticized as reckless. Explore the data.
Federal job cut notifications to start in January
The federal government will begin notifying public servants of potential job cuts in January 2025. Get the latest details on this significant workforce adjustment.
N.L. Deficit Balloons to $948M, Up 51%
Newfoundland and Labrador's fiscal deficit has surged to $948 million, a 51% increase. Finance Minister Craig Pardy addressed the province's worsening financial outlook in St. John's.
Newsom's Presidential Run Faces Scrutiny Over California's Woes
As California Governor Gavin Newsom prepares a presidential run, Victor Davis Hanson examines the state's challenges under his leadership, from high costs to crime. What platform will he use?
Sask. legislature wraps up with forced addiction treatment bill
The Saskatchewan government will table The Compassionate Intervention Act, allowing involuntary treatment for severe addictions. The fall sitting concludes amid health and deficit pressures.
Ottawa Begins Notifying Public Servants of Possible Job Cuts
The federal government has started informing public servants about potential job reductions. Get the latest details on this developing story affecting Ottawa's workforce.
Sask. adds $1B in spending without raising deficit
Saskatchewan's finance minister states a $1 billion increase in provincial spending will not affect the deficit, as revealed in the mid-year financial report. Get the details on the budget update.
Federal Housing Program to Build 26,000 Homes: PBO
A new report from the Parliamentary Budget Officer reveals the $13-billion Build Canada Homes initiative will construct only 26,000 new homes over five years. Read the analysis of federal housing and economic subsidy plans.
Winnipeg forecasts $17.4 million deficit
The City of Winnipeg's latest financial report projects a $17.4 million deficit. Get the details on the forecast and what it means for municipal services.
Alberta used notwithstanding clause to avoid costly teacher arbitration
Alberta's government invoked the notwithstanding clause to end the teachers' strike, citing a $6.5 billion deficit and potential arbitration costs in the billions. Ministers defend the controversial move.
King's College in N.S. reports $1.8-million deficit
The University of King's College in Halifax confronts a significant $1.8-million budget shortfall for 2025, attributing it to escalating operational expenses. Learn about the financial pressures facing the historic institution.
Build Canada Homes to modestly boost housing supply: PBO
Canada's Parliamentary Budget Officer reports a modest projected increase in housing supply from the Build Canada Homes initiative. Read the analysis of the federal plan's potential impact.
Manning: Canada Needs Alternative to Carney's One-Man Show
Preston Manning argues Canada needs a credible alternative to PM Mark Carney's government, proposing policy shifts on budget, bureaucracy, and federalism. Read his vision.
CSC fires 12, disciplines staff in 400 misconduct cases
Correctional Service Canada has disciplined employees in 400 misconduct cases, with 12 terminated. The data highlights accountability measures within the federal corrections system.
Federal union hears rumours of new public servant office mandate
A federal union reports persistent rumours of a new office mandate for public servants in Ottawa. Get the latest details on the potential policy shift and its implications.
Edmonton debates $3.8B budget, 6.4% tax increase
Edmonton City Council begins deliberations on a proposed $3.8 billion 2026 budget, which includes a 6.4% property tax increase to address infrastructure and population growth.
Edmonton grapples with $52-million budget hole
Edmonton confronts a $52.3 million structural budget deficit, threatening its financial reserves and city services. Officials warn of potential service cuts and fee increases.
$4.7M for Atlantic Canada Dental Care Projects
Atlantic Canada receives $4.7 million federal funding for dental care initiatives, improving access to essential oral health services across the region.
Canada posts $16.1B deficit in fiscal first half
The Canadian government reported a $16.1 billion budgetary deficit for the April-to-September period amid economic challenges. Get the latest fiscal update and analysis.
B.C.'s $17B financial reversal under Premier Eby
B.C. Finance Minister Brenda Bailey's budget update reveals a dramatic $17 billion turnaround from surplus to deficit under Premier David Eby. Discover how day-to-day spending drives half the debt increase.
B.C. deficit projection lowered to $11.2 billion
British Columbia's financial outlook improves as quarterly tax revenues exceed expectations, reducing the projected deficit. Learn how this impacts provincial services and taxpayers.
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