TD Expects Trudeau to Run Bigger Deficits Than He Budgeted

  • Canada headed for C$34 billion shortfall this fiscal year
  • Bank cautions government against additional spending measures

CIBC's Tal: Budget Deficit Should Cap at $30B

Canada will run larger deficits than Prime Minister Justin Trudeau’s government has projected amid a weakening revenue outlook, limiting its scope for additional spending measures, according to a report from Toronto Dominion Bank.

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