Federal Deficit

• NATO spending pledge could push federal deficit as high as $92B: think tank

  The C.D. Howe Institute predicts Ottawa's spending plans will push deficits over the next four years to more than double the parliamentary budget officer's pre-election forecast.

  Economy

  Jul 3, 2025
  
• Freeland won’t say if deficit set to rise but will meet debt-to-GDP anchor

  Finance Minister Chrystia Freeland insists Ottawa's balance sheet remains on a 'sustainable' track despite not answering if the Liberals stuck to their pledge to cap the deficit.

  Politics

  Dec 10, 2024
  
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• Feds post $4.3 billion deficit as high interest rates grow public debt charges

  In its monthly fiscal monitor, the Finance Department says this compares to a surplus of $3.9 billion during the same period of the 2022-23 fiscal year.

  Politics

  Oct 27, 2023
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• Canada’s economy will ‘slow considerably’ in 2nd half of 2022, budget officer says

  As inflation slows and heads toward the central bank's target of two per cent, the PBO expects the Bank of Canada to begin lowering interest rates toward the end of next year.

  Economy

  Oct 13, 2022
• Ottawa cut deficit down to $69.8B during most of last fiscal year

  In its monthly fiscal monitor report, the Finance Department says the tally compared with a deficit of $282.6 billion for the same period of 2020-21.

  Economy

  Apr 29, 2022
• Feds trim budget deficit to $73.7 billion from April to November

  The Finance Department says the result compared with a deficit of $232 billion in the same period a year earlier.

  Economy

  Jan 28, 2022
• Spending down, revenue up: Feds post $12.7B deficit for June

  The drop in the deficit came as spending dropped compared with a year ago when Ottawa spent billions on emergency aid due to the pandemic and revenue improved.

  Economy

  Aug 27, 2021
• Canada’s deficit to hit $330B as coronavirus lands ‘permanent’ economic impact

  The Parliamentary Budget Officer's report underlines need for spending to be temporary.

  Canada

  Sep 29, 2020
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• More than half of Canadians think coronavirus deficit too big but split on election need

  Voters, including Liberals, say they want to see a plan to get back towards balanced budgets.

  Canada

  Sep 22, 2020
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• Coronavirus: Federal deficit will likely hit $252B this year, budget watchdog says

  The figure is an estimate based partly on the almost $146 billion in spending measures the government has announced to help cushion the economic blow from the pandemic.

  Canada

  Apr 30, 2020