Liberals introduce bill for new COVID-19 spending after economic update
Making passage of the legislation a confidence vote that could trigger an election if it doesn’t garner the necessary support.
How we deal with our ever-rising nation debt?
Federal deficit of $381 billion and a debt exceeding $1 trillion, just under 50% of gross domestic product.
Highlights of the federal government’s fiscal update
Freeland budget is borrowing, taxing, tax breaks and rolling out the money for businesses and families.
Spending too little worse than spending too much: Freeland
Federal government’s record deficit is more than $381 billion but she calls it affordable, given low interest rates.
Alberta outlook improves but budget deficit $21.3B: finance minister
Province’s economy hit by COVID-19 pandemic, the drop in oil prices and a global economic contraction.
Spending restraints shouldn’t be jettisoned because of pandemic
Former budget watchdog says government should move away from spending to stimulate the economy as conditions improve.
COVID-19 turns BC’s 2019-20 budget surplus to $321M deficit
Declines in tax revenues, losses at the Insurance Corporation of British Columbia and early measures to tackle the pandemic.
Ontario budget deficit projected to jump to $38.5B in 2020-2021
Province spent billions to support the health-care sector and help businesses and residents weather the storm.
Canadians torn on scaling back COVID-19 benefits to save money: poll
Opinion split almost in half as government projects a $343 billion deficit.
With debt, deficit numbers out, experts say Liberals need plan for growth
Late last year, the government forecast this year’s deficit at $28.1 billion. Now that figure is at $343.2 billion
Liberals foresee high unemployment, $343B deficit due to COVID-19
Fiscal snapshot foresees a slow return to a new normal, with low economic growth to at least the end of 2021.
Trade deficit narrowed in May as exports rose, imports fell again
Contracted to $677 million in May compared with $4.3 billion in April.
Federal deficit likely reached $260B due to COVID-19: PBO
Finances could be helped by an economic recovery that would help lessen the red ink.
Recurring federal deficits could be risky for future generations: study
Federal debt should reach $713 billion at the end of the current fiscal year and grow to $810 billion by 2024-2025.
Trade deficit narrowed to $978M in September: Statistics Canada
Broad-based weakness across the major export categories, a similar story for imports.
Election 2019: Scheer, Trudeau spar over climate pledges [UPDATED]
Green Leader May offered a detailed spending breakdown, pledging to balance the federal budget by 2024.
Report shows US deficit to exceed $1 trillion next year
CBO says the US fiscal outlook is challenging, and on “an unsustainable course.”
Ontario’s path to a balanced budget will be responsible, Ford says
Premier Doug Ford has promised to eliminate a $13.5 billion deficit.
Trump’s record $4.7T budget relies on strong growth
Deficit is projected to hit $1.1 trillion in the 2020 fiscal year, the highest in a decade.
Federal spending dangerously near record Canadian levels
Increasing the size and role of government comes with larger deficits, mounting debt and/or tax increases.
Canada’s robust credit rating should calm fears about federal deficits: Trudeau
One expert says credit ratings can be misleading.
Ontario’s deficit to rise $500M to $12.3B this year: watchdog
Attributes change to Ford cancelling cap-and-trade, reversing several tax increases, weaker economic forecast.
Ottawa to run bigger than expected deficits over coming years
Feds are on pace to post a $19.4-billion deficit in 2018-19, $1.3 billion higher than the projection in last February’s budget.
Canada’s June trade numbers strong despite US tariffs on metals
Smallest deficit since January 2017, fuelled by an increase in the value of total exports of 4.1%.
Statistics Canada says trade deficit narrowed to $1.9B in April
Canadian exporters in for a rough ride, says TD.
Ouch again! FAO says Ontario deficit to jump almost $12B this year
Spending plan will add about $70 billion to the net debt, increasing it to almost $400 billion in 2020-21.
Trudeau government to post deficits $8B bigger than expected next two years
Liberals will post a $22.1-billion shortfall this fiscal year, $4 billion more than $18.1 billion projection.
Trade deficit grows to $2.7B in February: Statistics Canada
Surplus with the United States narrowed to $2.6 billion compared with $2.9 billion in January.
Debt mounts as Ontario moves back into deficit ahead of election
Deficit of $6.7 billion as Liberals’ decision reverses a key promise to stay in the black this year.
Scotiabank CEO downplays concerns raised over Canadian debt levels
Porter says IMF should look at the “other side of the balance sheet” which has kept pace or outgrown the size of the debt.
Exports are suffering in business-unfriendly Canada: MLI report
Firms are reluctant to commit to investments in Ontario and Quebec with uncertainty surrounding NAFTA talks.
Ontario will not have balanced budget on March 28: Sousa
Province will run a deficit of less than 1% of GDP starting next year, no dollar amount provided.