Economists believe federal deficit will surpass 2% of GDP
The federal budget deficit will be more than 2 per cent of Canada’s gross domestic product this year, far higher than what was promised, according to a panel of Bloomberg economists.
The federal budget deficit will be more than 2 per cent of Canada’s gross domestic product this year, far higher than what was promised, according to a panel of Bloomberg economists.
While the Liberals pledged in December to keep the deficit around $42 billion, it is now expected to reach $70 billion.
