Alberta's Bleak Fiscal Outlook Amid Oil Price Drop
Alberta faces a growing deficit exceeding $6 billion and rising dependence on volatile energy revenues as oil prices tumble. Discover the tough choices ahead for the provincial government.
Category : Search result: Mark Carney budget deficit
Military's $9B Rush to Meet NATO Spending Pledge
The Canadian Department of Defence is in a frantic race to spend an extra $9 billion before March 31 to fulfill PM Mark Carney's NATO spending pledge. Discover the challenges of rapid military procurement.
Wilmot Township's 2026 budget gets first review
Wilmot Township council has received its initial look at the proposed 2026 financial budget. Get the key details on municipal spending plans for the upcoming fiscal year.
OCDSB's $20M deficit may take years to fix
Ottawa's largest school board faces a $20 million operating deficit. Supervisor Bob Plamondon says erasing the shortfall, driven by special education costs, could take more than a year. Learn the details.
Canada signs pact to secure Ukraine after peace deal
Prime Minister Mark Carney commits Canada to a multinational security agreement for Ukraine, pledging long-term support following a future peace settlement. Details emerge from Paris meeting.
Canada's Economic Challenges in 2026: Mintz Analysis
Economist Jack Mintz outlines the serious hurdles for Canada's economy in 2026, from stalled growth to trade diversification struggles. Read his full analysis.
Mark Carney's improbable 2025 political victory analyzed
An analysis of Prime Minister Mark Carney's historic 2025 election win, overcoming a massive polling deficit as a political novice. Explore his achievements and challenges eight months into his mandate.
Carney's Ambassador Pick Sours Quebec Relations
PM Mark Carney's appointment of Mark Wiseman as U.S. ambassador draws ire in Quebec over his Century Initiative ties and criticism of supply management, fueling federal-provincial tensions.
Canada's Fiscal Deficit Grows 27% in 2025/26
Canada's federal budget deficit for the first seven months of the fiscal year widened sharply to C$18.37 billion, a 27% increase. Explore the details and implications for the economy.
Edmonton aims for balanced budget, repairs finances
Edmonton's city administration is working to eliminate structural budget deficits and rebuild its financial stabilization reserve after years of pandemic-related shortfalls. CFO Stacey Padbury outlines the plan for the next four-year budget cycle.
Mark Wiseman Named Canada's Ambassador to U.S.
Prime Minister Mark Carney taps investment veteran Mark Wiseman as Canada's ambassador to the United States, tasked with navigating crucial CUSMA trade talks with the Trump administration. Read the full story.
Windsor councillor supports 0% budget, seeks transparency
Windsor's Ward 1 councillor endorses a proposed 0% municipal budget increase but calls for more transparency in the city's financial planning process. Learn about the details and the call for openness.
P.E.I. forecasts $367.4M deficit for 2025-2026
Prince Edward Island's government reports a projected deficit of $367.4 million for the 2025-2026 fiscal year. Explore the details and implications for the province's budget and public services.
Nova Scotia deficit climbs to $1.29B in fiscal update
Nova Scotia's deficit has reached $1.29 billion, driven by expenses outpacing revenue. Minister John Lohr delivered the final update on the 2025 budget. Learn the details.
Analysis: Ford's Spending, Debt Match Predecessor Wynne
An analysis of Ontario's finances reveals Premier Doug Ford's per-person spending and debt trajectory align closely with the Liberal era he once criticized as reckless. Explore the data.
Generational Shift in Canadian Banking Under PM Carney
Prime Minister Mark Carney's first year highlights a generational shift in Canadian banking and economic policy. Explore the contrasts and key federal-provincial deals shaping the nation's financial future.
N.L. Deficit Balloons to $948M, Up 51%
Newfoundland and Labrador's fiscal deficit has surged to $948 million, a 51% increase. Finance Minister Craig Pardy addressed the province's worsening financial outlook in St. John's.
Carney 'Confident' Canada Will Hit NATO Spending Targets
Prime Minister Mark Carney expresses confidence Canada will meet its NATO defence spending commitment. Get the latest details on the government's plan and timeline.
Five Easy Steps for Creative Government Accounting
Columnist Franco Terrazzano outlines a satirical five-step plan for creative government accounting, critiquing fiscal strategies under PM Mark Carney. Read the analysis.
Carney's $1.5B Civil Service Retirement Plan Saves $82M Annually
Prime Minister Mark Carney's plan to reduce the federal civil service through early retirement incentives will cost $1.5 billion upfront, with annual savings of $82 million. The strategy aims to avoid layoffs.
Budget 2025: Opportunity for Canada's Public Servants
Analysis: The public service transformation outlined in Budget 2025 presents challenges but also significant opportunities for federal workers. Learn how to navigate the coming changes.
Sask. adds $1B in spending without raising deficit
Saskatchewan's finance minister states a $1 billion increase in provincial spending will not affect the deficit, as revealed in the mid-year financial report. Get the details on the budget update.
Federal Housing Program to Build 26,000 Homes: PBO
A new report from the Parliamentary Budget Officer reveals the $13-billion Build Canada Homes initiative will construct only 26,000 new homes over five years. Read the analysis of federal housing and economic subsidy plans.
Winnipeg forecasts $17.4 million deficit
The City of Winnipeg's latest financial report projects a $17.4 million deficit. Get the details on the forecast and what it means for municipal services.
Opinion: What a Slimmed-Down Canadian Government Must Keep
As Ottawa seeks spending cuts, an opinion piece argues for refocusing on core government needs like security and food, questioning agencies like the NFB. Read the analysis.
PBO: MPs Should Approve Fiscal Target Changes
Canada's fiscal watchdog says Ottawa should seek House of Commons approval to alter key fiscal targets, like the recently abandoned debt-to-GDP anchor. Read the latest on federal spending.
Budget 2025 Prompts PBO to Revise Grim Fiscal Forecast
Canada's interim parliamentary budget officer, Jason Jacques, reversed his 'cliff' warning after reviewing Budget 2025, now deeming federal finances sustainable. Read the full analysis.
Build Canada Homes to modestly boost housing supply: PBO
Canada's Parliamentary Budget Officer reports a modest projected increase in housing supply from the Build Canada Homes initiative. Read the analysis of the federal plan's potential impact.
Manning: Canada Needs Alternative to Carney's One-Man Show
Preston Manning argues Canada needs a credible alternative to PM Mark Carney's government, proposing policy shifts on budget, bureaucracy, and federalism. Read his vision.
Calgary City Council Begins 2025 Budget Decisions
Calgary's city council started its crucial budget deliberations on Monday, December 1, 2025, considering several amendments that will shape municipal spending. Follow the latest developments.
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