OTTAWA--Canada recorded a wider budget deficit in the first two months of the current fiscal year as a surge in revenue from tariffs on U.S. imports failed to offset declines in corporate and ...

Canada recorded a sharply higher C$6.50 billion ($4.71 billion) budget deficit for the first two months of the 2025/26 fiscal ...

As Canada plans to increase spending on areas such as national defence while financial markets absorb the recent downgrade of ...

Rising debt usually leads to slower growth, higher debt interest costs and higher taxes for future generations ...

The C.D. Howe Institute predicts Ottawa's spending plans will push deficits over the next four years to more than double the ...

Revenue from customs import duties rose to $2.4 billion in April and May, according to data released Friday by Canada’s ...

What's unique about this budget is that it was drafted with the oversight a provincial supervisor appointed to take over ...

Most provinces have put up contingency funds in this year's budgets to support workers and critical industries through the tariff dispute.

With shrinking GDP, downgraded credit ratings and runaway debt, economists say the government has lost control of the ...

Today, Canada released its Budget Balance figures for April, revealing a deficit of -6.270 billion. This result surpassed ...