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Spring Economic Update projects $66.9 billion deficit amid new spending initiative
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Spring Economic Update projects $66.9 billion deficit amid new spending initiative
Conservative MP for Dufferin–Caledon Kyle Seeback shares criticisms surrounding new spending plan By Sam Odrowski Canada’s finances came into focus last week with the release of the 2026 Spring Economic Update. Presented on April 28, the update projects a federal deficit of $66.9 billion for 2025-26, with $529.6 billion in revenue and $594.8 billion in expenses. The country’s total deficit is estimated at $1.33 trillion. The deficit has come in …
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