News Analysis
The Carney government will provide an update on the country’s fiscal situation this week, half a year after it projected a record deficit in its first budget.
Finance Minister François-Philippe Champagne will table the Spring Economic Update on April 28, a day before the Bank of Canada’s policy rate announcement.
Both the federal government and the central bank have been navigating a complicated domestic and global environment, marked by low domestic productivity, U.S. tariff actions, and the energy shock caused by the war in Iran.
Still, Prime Minister Mark Carney said on April 27 Canadians can expect some “good news” regarding the country’s fiscal situation, citing his progress on meeting deficit targets and getting spending “under control.”…