US EditionNew Brunswick budget forecasts $599-million deficit as Trump tariff threat looms
- The New Brunswick government projected a $599-million deficit in its $14.3-billion budget, with a $549-million deficit forecast without added contingency funding for U.S. Tariffs.
- Finance Minister René Legacy confirmed that $4.1 billion was allocated for health care, an increase of $293 million from last year.
- Legacy mentioned that U.S. President Donald Trump's potential tariff on Canadian goods has negatively impacted New Brunswick's economy.
- Economist Richard Saillant described the budget as austere, noting a 4% revenue growth compared to 5% spending growth, complicating the fiscal outlook.
33 Articles
33 Articles
Up to 11K jobs now at stake from Trump's tariff war: premier
The premier says up to 11,000 jobs in New Brunswick could be lost if U.S. President Donald Trump imposes stiff tariffs on Canadian goods across the board on April 2, a dramatic increase in the estimate she provided only a month and half ago.
New home construction is stalling as homebuilder sentiment sours over Trump's tariffs, economists say
Tariff and immigration policy anxiety is settling in for homebuilders, and it’s starting to reveal itself in the data. Building permits, housing starts, and housing completions all fell in February compared to a year ago. Despite some monthly rebounds from a particularly weak January, builders are losing confidence—and buyers might have to pay the price. Homebuilders are anxious about tariffs, and it’s starting to show in construction data. Bui…
Kirsner: State economic development chief says Trump cuts pose ‘very serious’ threat
MassLive.com columnist Scott Kirsner spoke with Yvonne Hao, the state's economic development chief, about the economic threats posed by Trump administration cuts to funding, levying of tariffs.
Highlights from New Brunswick’s 2025-26 budget
FREDERICTON - New Brunswick Finance Minister René Legacy has tabled the province's budget for the 2025-26 fiscal year, which includes measures to help workers and businesses affected by U.S. tariff threats. Here are some highlights:
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