Canada Announces Fiscal Update
Canada's fiscal health and increased foreign direct investment outpace major economies.
Canada Strong Fund, a new sovereign wealth fund with $25B endowment, supports nation-building projects managed by an independent Crown corporation.
Opposition Leader Pierre Poilievre criticized the fund as credit card budgeting and called for a deficit cap and balanced budget plan.
The update details export diversification beyond the U.S. market and reviews government spending controls and deficit targets.
Projected significant deficits are expected over the coming years.
2 hours ago