The federal deficit is now about $19 billion.
Federal program spending will reach a projected $321.5 billion next year—up 22.2 per cent since 2015.
Canada’s unemployment rate in August rose to six per cent with Ontario leading the way, losing about 80,000 jobs.
The PBO projects a cumulative federal deficit of $85.6 billion over the next five years.
Only 10.6 per cent of the nearly $100 billion in new infrastructure spending is for trade and transportation.
Canada’s federal net debt will climb to $831.5 billion by 2022-23.
Finance Minister Bill Morneau’s budget missed an opportunity to convince investors that Canada remains a desirable place to invest.