Carney DOUBLES Trudeau’s projected budget deficit
Carney's fiscal update shows a $65B deficit as federal debt nears $1.4 trillion, with critics warning of higher costs, more borrowing and expanded police powers over Canadians’ mail
The Carney government has tabled an economic update projecting a $65 billion deficit—roughly double the previous forecast under Justin Trudeau.
With total federal debt climbing toward $1.4 trillion, Canadians are being hit with more spending, more borrowing and more pressure on household costs, from groceries to housing.
The update also includes a controversial proposal that would allow police, with a warrant, to search and seize a broader range of Canadians’ mail.
Meanwhile, trade tensions with the United States are heating up over Canada’s dairy system, with American officials signalling patience is running out and enforcement could be next.
Former agriculture minister Gerry Ritz joins Marc Patrone to break down the trade dispute, what’s at stake for Canada’s supply management system, and whether Ottawa should be rethinking its approach as pressure from Washington intensifies.
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