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.
Category : Search result: fiscal year deficit
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.
Canada's Federal Budgets Need Slimmer, Clearer Format
Experts argue Canada's federal budgets have become unwieldy, burying key numbers in hundreds of pages of fluff. They call for a return to short, transparent documents for better accountability.
'Slop' Named 2025 Word of the Year by Merriam-Webster
Merriam-Webster's 2025 Word of the Year is 'slop,' now defined as low-quality, mass-produced AI content. Discover the cultural shift behind this choice.
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.
Montreal Metro runs until 3 a.m. on New Year's Eve
Montreal's STM will extend Green, Orange, and Yellow Line service until 3 a.m. on Dec. 31. Plan your safe ride home from celebrations with our detailed schedule guide.
Newsom's Presidential Run Faces Scrutiny Over California's Woes
As California Governor Gavin Newsom prepares a presidential run, Victor Davis Hanson examines the state's challenges under his leadership, from high costs to crime. What platform will he use?
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.
Sask. legislature wraps up with forced addiction treatment bill
The Saskatchewan government will table The Compassionate Intervention Act, allowing involuntary treatment for severe addictions. The fall sitting concludes amid health and deficit pressures.
Canada's big banks increase bonus pools by 15%
Canada's largest lenders set aside 15% more for bonuses in fiscal 2025, driven by busy capital markets and trading. Discover which banks led the increase and the factors behind the surge.
Citigroup Sets 2026 STOXX 600 Target at 640
Citigroup forecasts the STOXX 600 index will reach 640 by the end of 2026, citing supportive fiscal policies as a key driver. Get the full analysis and market implications.
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.
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.
Ice District NYE Bash to Feature Top Canadian Music Stars
Edmonton's Ice District Plaza will ring in 2026 with a headline concert by major Canadian music stars. Get details on the performers and event for this premier Alberta celebration.
Alberta used notwithstanding clause to avoid costly teacher arbitration
Alberta's government invoked the notwithstanding clause to end the teachers' strike, citing a $6.5 billion deficit and potential arbitration costs in the billions. Ministers defend the controversial move.
King's College in N.S. reports $1.8-million deficit
The University of King's College in Halifax confronts a significant $1.8-million budget shortfall for 2025, attributing it to escalating operational expenses. Learn about the financial pressures facing the historic institution.
Saskatchewan Adds $1 Billion to Government Spending
The Saskatchewan government has announced an additional $1 billion in new spending. Get the details on where the funds are allocated and the provincial fiscal outlook.
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.
Barrie scraps 25-year NYE tradition for new event
Barrie replaces its long-running 'Downtown Countdown' with a new family-friendly New Year's Eve celebration for 2026. Discover the details of the city's fresh start.
Budget Deception Could Lead to Higher Taxes for Canadians
Tax expert Kim Moody warns that ignoring fiscal reality and using deceptive accounting could force future tax hikes on Canadians. Read the analysis of the 2025 Public Accounts.
Nova Scotia targets $5B tourism with new strategy
Nova Scotia launches a new five-year tourism plan aiming for a $5 billion industry by focusing on year-round travel. Learn how the province plans to achieve this ambitious goal.
Japan's Ōsōji: The Meaning Behind Year-End Cleaning
Discover ōsōji, Japan's centuries-old year-end deep cleaning tradition. Learn its history, spiritual significance, and how it offers a mindful reset for the new year.
Edmonton debates $3.8B budget, 6.4% tax increase
Edmonton City Council begins deliberations on a proposed $3.8 billion 2026 budget, which includes a 6.4% property tax increase to address infrastructure and population growth.
Edmonton grapples with $52-million budget hole
Edmonton confronts a $52.3 million structural budget deficit, threatening its financial reserves and city services. Officials warn of potential service cuts and fee increases.
Girard: Budget Depends on U.S. Trade Deal
Quebec Finance Minister Eric Girard warns that ending free trade with the U.S. would jeopardize fiscal balance. Learn how this impacts Canada's economic stability.
Canada posts $16.1B deficit in fiscal first half
The Canadian government reported a $16.1 billion budgetary deficit for the April-to-September period amid economic challenges. Get the latest fiscal update and analysis.
B.C.'s $17B financial reversal under Premier Eby
B.C. Finance Minister Brenda Bailey's budget update reveals a dramatic $17 billion turnaround from surplus to deficit under Premier David Eby. Discover how day-to-day spending drives half the debt increase.
B.C. deficit projection lowered to $11.2 billion
British Columbia's financial outlook improves as quarterly tax revenues exceed expectations, reducing the projected deficit. Learn how this impacts provincial services and taxpayers.
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