Finances could be helped by an economic recovery that would help lessen the red ink.
Federal debt should reach $713 billion at the end of the current fiscal year and grow to $810 billion by 2024-2025.
Broad-based weakness across the major export categories, a similar story for imports.
Green Leader May offered a detailed spending breakdown, pledging to balance the federal budget by 2024.
CBO says the US fiscal outlook is challenging, and on “an unsustainable course.”
Premier Doug Ford has promised to eliminate a $13.5 billion deficit.
Deficit is projected to hit $1.1 trillion in the 2020 fiscal year, the highest in a decade.
Increasing the size and role of government comes with larger deficits, mounting debt and/or tax increases.
One expert says credit ratings can be misleading.
Attributes change to Ford cancelling cap-and-trade, reversing several tax increases, weaker economic forecast.
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.
Smallest deficit since January 2017, fuelled by an increase in the value of total exports of 4.1%.
Canadian exporters in for a rough ride, says TD.
Spending plan will add about $70 billion to the net debt, increasing it to almost $400 billion in 2020-21.
Liberals will post a $22.1-billion shortfall this fiscal year, $4 billion more than $18.1 billion projection.