Poilievre Calls on Carney to Cut Spending and Cap Deficit at $31 Billion Ahead of Economic Update
Finance Minister François-Philippe Champagne is expected to show a smaller deficit as stronger revenues, higher oil prices and spending delays improve Ottawa’s outlook.
- On Tuesday, Finance Minister François-Philippe Champagne will release Canada's spring economic update, expected to show a smaller-than-forecasted deficit for the current fiscal year and improved bottom line.
- Surging oil prices and a resilient economy likely bolstered government revenues, while delays in distributing promised funds also contributed to the improved fiscal outlook.
- Conservative Leader Pierre Poilievre demanded Prime Minister Mark Carney cap the deficit at $31 billion, criticizing "credit card budgeting" and calling for cuts to the $90 billion high-speed rail project and federal bureaucracy.
- While Champagne framed the update as a bridge to long-term goals, Deloitte Canada economist Dawn Desjardins described the Canadian economy as "soggy" with businesses feeling "extremely nervous" about spending.
- The update faces pressure from geopolitical volatility including the war in the Middle East, while Canada must decide on the North American free trade agreement before a July 1 deadline.
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Pierre Poilievre calls for end to 'credit card budgeting' ahead of spring fiscal update
Pierre Poilievre called on the federal Liberals to present a plan to return to a balanced budget and put an end to “credit card budgeting” in a letter sent to Prime Minister Mark Carney ahead of Tuesday’s economic update.
Poilievre Calls on Carney to Cut Spending and Cap Deficit at $31 Billion Ahead of Economic Update
Conservative Leader Pierre Poilievre is calling on Prime Minister Mark Carney to cut government spending and cap the deficit at $31 billion, a level announced in former Prime Minister Justin Trudeau’s last fiscal update, ahead of the government’s release of its spring economic update. Poilievre sent a letter to Carney on April 26 laying out the Conservatives’ demands for the government’s upcoming fiscal update on April 28. The Tory leader said t…
Poilievre demands Carney cap federal deficit at $31B ahead of spring economic update
Ahead of an important fiscal update this week, Conservative Leader Pierre Poilievre is demanding Prime Minister Mark Carney cap the federal deficit at $31 billion by eliminating big ticket items like a major rail project and the gun buyback program.
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