C
Originally published by Capital Businessbusiness
April 29, 2026
5h ago
Canada’s spring budget projects economy to grow and deficit to fall

A spring economic update shows the country's debt is now about 14% lower than projected. The government's autumn budget had predicted a deficit of C$78.3bn ($57.2bn; £43.4bn) for the 2025-26 fiscal year. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Canadian Prime Minister Mark Carney has announced a lower-than-expected government deficit for the 2025-26 fiscal year, attributed to higher oil prices and economic resilience.
- The government's deficit is now projected to be 14% lower than initially forecast, a significant improvement from the autumn budget's prediction of C$78.3bn.
- Prime Minister Mark Carney emphasized the government's role as "good fiscal managers" and highlighted difficult decisions made to reduce spending.
- A new sovereign wealth fund, the Canada Strong Fund, has been launched with an initial investment of C$25bn to support domestic projects in sectors like energy and technology.
Continue Reading
Read the complete article from Capital Business
Advertisement
Advertisement





