Canada’s $66.9 billion deficit—Breaking down the big numbers in Carney’s fear-fuelled spring economic update

The federal government’s Spring Economic Update is a remarkable document casting economic success against a backdrop of crisis. Despite a trade war and the impending doom of a renegotiated CUSMA, the economy in 2025 was surprisingly robust, growing the second-fastest in the G7 and nowhere near the apocalyptic scenarios of massive drops in GDP and unemployment surges forecast in early 2025 ...

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