Tag Archives: deficit

Amid all the ups and downs in Alberta’s annual budgets, here’s one thing that has remained constant over the decades. Whether the province is awash in surpluses or drowning in red ink, there’s always a chart found toward the back of the provincial fiscal plan. This year, it’s on page …

Canada’s merchandise trade deficit widened in August to $6.32 billion as exports fell faster in both value and volume than the rise in imports on a monthly basis, official government statistics showed on Tuesday. The trade deficit in August was led by a drop in exports not only to its top …

Canada’s merchandise trade deficit narrowed to $5.9 billion in May, according to data from Statistics Canada, after hitting a record high in April. The country’s exports rose by 1.1 per cent, after falling steeply by 11 per cent the month prior. It also marked the first increase in exports in four months. …

The Parliamentary Budget Officer (PBO) says the deficit will be smaller than predicted but the Liberal government’s lack of clarity on fiscal planning has left Yves Giroux’s office unable to determine if the government’s spending plans are sustainable.  The Economic and Fiscal Monitor released by Giroux’s office Thursday morning says that …

Canada’s plan to buy 88 U.S.-built F-35 fighter jets is facing significant challenges, including skyrocketing costs, a shortage of trained pilots and a lack of critical infrastructure, according to a new report from Auditor General Karen Hogan. The audit for the F-35 program is part of Hogan’s spring audits, released Tuesday, which …

Newfoundland and Labrador Finance Minister Siobhan Coady delivered the provincial budget in the House of Assembly in St. John’s on April 9. (Paul Daly/The Canadian Press) The Newfoundland and Labrador government included in this year’s pre-election budget decades worth of revenues from the pending settlement of a lawsuit against tobacco …

Canada’s trade deficit narrowed to $506 million in March, beating expectations as imports fell at a faster rate than the drop in exports, data showed on Tuesday. Imports of goods dropped 1.5 per cent in March, driven by a 2.9 per cent slump in imports from the U.S. after Canada imposed …

Newfoundland and Labrador’s 2025 provincial budget responds to uncertainties related to United States tariffs. (Jenna Head/CBC) Newfoundland and Labrador has tabled a 2025-26 provincial budget that responds to uncertainty from the United States with record spending and record borrowing, while delaying its return to a balanced budget by another year. …

The Holt Liberal government is projecting large budget deficits as far as the eye can see. In his first provincial budget, Finance Minister René Legacy is projecting a fiscal shortfall of $549 million in the 2025-26 fiscal year. That deficit could go as high as $599 million if the province …

The federal government unveils its long-awaited fall economic statement today — putting to rest weeks of speculation about a higher-than-projected deficit and the potential failure of other fiscal “anchors” Ottawa claimed would keep its budget on track. Just last spring, in her Budget 2024 speech, Finance Minister and Deputy Prime Minister …