The federal budget deficit has skyrocketed to 15.9 per cent of Canada's economy.
federal deficits
July 27, 2020
9:49PM
The Trudeau government’s recent fiscal update forecasted a $343 billion deficit this year.
July 10, 2020
8:59AM
Policy uncertainty is at an all-time 35-year high in Canada.
July 9, 2020
12:16PM
The Trudeau government ran consistent deficits and accumulated significant debt over its first four years in office.
July 8, 2020
11:53AM
The national debt is approaching $1 trillion.
June 30, 2020
4:13PM
Between the early 1970s and the mid-1990s, the federal government ran a deficit every year.
April 28, 2020
10:51AM
The federal deficit this year will reach an estimated $184.2 billion.
April 15, 2020
5:30AM
The Trudeau government has run five consecutive deficits since taking office in 2015 and is expected to have accumulated approximately $84.3 billion in federal debt—$713.2 billion total—by the end of 2019-20.
February 18, 2020
2:16PM
The Trudeau government projects a $26.6 billion deficit for 2019-20.