Deficits

• Provinces are bracing for record deficits. What’s causing budgets to see red?

  From trade tensions to a shrinking workforce and existing inflation, several factors are leading to provinces posting sometimes record-breaking budgets.

  Economy

  Feb 18
  
• Guelph mayor likes provincial budget, pleased with funding for mental health and housing

  Cam Guthrie is also pleased that the Ford government is working to bring the deficit down.

  Politics

  Mar 24, 2023
  
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• B.C. budget sets aside nearly $6 billion for COVID support, forecasts $8.1-billion deficit

  The stronger economic footing is based on higher-than-expected revenues, including tax revenue as a result of strong housing and retail sales, and moderately lower spending.

  Economy

  Apr 20, 2021
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• ANALYSIS: Trudeau government nears the record for leaving Parliament without a budget

  In nine days — on Friday, Oct. 16 — the current Parliament will have gone 316 days without a federal budget -- a new record in Canadian political history.

  Politics

  Oct 7, 2020
• B.C. looks to drop balanced-budget requirement amid COVID-19 economic decline

  "We are making sure people and business have the support they need, while we work together to restart and rebuild an economy that works for everyone," Finance Minister Carole James said.

  Politics

  Jun 24, 2020
• ANALYSIS: Trudeau says forget about fiscal promises of 2015, look at the results in 2018

  Having failed to deliver a promised balanced budget, Justin Trudeau will instead campaign on what he's delivering: A red-hot economy and a 40-year-low in unemployment.

  Canada

  Nov 21, 2018
• Despite financial troubles, city says taxpayers won’t pay for Town Homes Kingston’s deficits

  Town Homes Kingston was running hundreds of thousands of dollars overbudget, according to a recent city report.

  Economy

  Nov 5, 2018
• Financial accountability officer sees more deficits, increasing debt in Ontario’s future

  Ontario's financial accountability officer says it's possible the Liberal government can balance the books by 2017-18 as promised, but only if the economy grows at a stronger pace than in the past five years.

  Politics

  May 18, 2016
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• Deficits could total $90B over Liberals’ first mandate: bank study

  The country's fading economic prospects could see federal deficit spending tally as much as $90 billion over four years, National Bank says.

  Canada

  Feb 10, 2016
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• Rona Ambrose OK with running ‘a little bit of deficit’

  Rona Ambrose says the Liberal plan to run "modest" deficits may not be the worst plan, but she wants to know just how big a deficit Justin Trudeau is willing to work with.

  Canada

  Jan 20, 2016