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Minority Parliament could prompt higher deficits amid party compromises: economists

  • Avery Shenfeld, a CIBC chief economist, noted that budget deficits in Canada are likely to increase due to economic shocks and spending promises.
  • Candace Laing, CEO of the Canadian Chamber of Commerce, emphasized the need for stability and a clear future plan amid ongoing disruptions from the trade war with the U.S.
  • Small business confidence in Canada is near record lows, forecasting a challenging second quarter for the economy.
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Minority Parliament could prompt higher deficits amid party compromises: economists

As the Liberal Party appears poised to form a minority government following Monday's election, economists say the focus now shifts toward Prime Minister Mark Carney's spending promises amid the trade war with the United States.

·Kelowna, Canada
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  • 55% of the sources lean Left
55% Left
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The Epoch Times broke the news in New York, United States on Tuesday, April 29, 2025.
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