Category : Search result: Mark Carney budget deficit


Carney's Ambassador Pick Sours Quebec Relations

PM Mark Carney's appointment of Mark Wiseman as U.S. ambassador draws ire in Quebec over his Century Initiative ties and criticism of supply management, fueling federal-provincial tensions.

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.

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.

Mark Wiseman Named Canada's Ambassador to U.S.

Prime Minister Mark Carney taps investment veteran Mark Wiseman as Canada's ambassador to the United States, tasked with navigating crucial CUSMA trade talks with the Trump administration. Read the full story.

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.

Generational Shift in Canadian Banking Under PM Carney

Prime Minister Mark Carney's first year highlights a generational shift in Canadian banking and economic policy. Explore the contrasts and key federal-provincial deals shaping the nation's financial future.

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.

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.

PBO: MPs Should Approve Fiscal Target Changes

Canada's fiscal watchdog says Ottawa should seek House of Commons approval to alter key fiscal targets, like the recently abandoned debt-to-GDP anchor. Read the latest on federal spending.

Calgary City Council Begins 2025 Budget Decisions

Calgary's city council started its crucial budget deliberations on Monday, December 1, 2025, considering several amendments that will shape municipal spending. Follow the latest developments.

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.

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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