Quebec Sees Deeper Deficit, Lower Growth Amid Tariff Uncertainty

Quebec tables record $13.6-billion deficit amid trade war with U.S.

QUEBEC — The Quebec government has introduced a budget with a record deficit and billions of dollars in measures to shore up the economy during the trade war with the United States.

Trade war with United States pushes Quebec budget into record $13.6-billion deficit

QUÉBEC — Against the backdrop of U.S. tariff threats, the Quebec government tabled a budget on Tuesday with a record $13.6-billion deficit and billions of dollars in new infrastructure spending to stimulate the economy.

Quebec Sees Deeper Deficit, Lower Growth Amid Tariff Uncertainty

Quebec, Canada’s second-largest province, forecast a staggering C$13.6 billion ($9.5 billion) deficit next fiscal year, and warned that the budgetary outlook depends on the duration and severity of the trade war with the US.

With a historical deficit of $13.6 billion, years of lean cows and cuts are announced in Quebec City.

Despite this situation, Quebec allocates $3.9 billion to improve access to care, particularly for seniors and individuals. [...] Article A budget under pressure between investments and new contributions appeared first on FM 103.3.

U.S. customs duties force the Government of Quebec's hand; the deficit will reach a new record in absolute numbers for fiscal year 2025-2026: $13.6 billion, or 2.2% of GDP. Despite uncertainty, Finance Minister Eric Girard maintains the course for fiscal balance within five years. This deficit will be caused, among other things, by government assistance to businesses to go through the tariff war. The budget provides $5.4 billion over five years …