Canada's Deficit Alert

Desjardins deputy chief economist Randall Bartlett warned Ottawa's deficit could be among the largest outside a recession or pandemic on October 22, 2025.
Tax cuts and reduced U.S. counter-tariffs worsened Canada's fiscal position, pushing deficit higher due to defense and infrastructure spending.
Bartlett estimates 2025 federal deficit will reach $74.5 billion, $6 billion higher than official projections.
Tax and tariff changes won't offset lost revenue, risking Canada's credit rating amid U.S. trade uncertainty.
Canadian Press reported on January 24, 2025, with a photo of cranes around Parliament Hill.

Economics | Debt | Forecast

United States | Canada

Randall Bartlett | Craig Lord

2 weeks ago