Economists See Canada Deficit Surging to C$70 Billion on Trade War
Mark Carney speaks during a news conference outside of a modular housing site in Ottawa, Ontario, Canada, on Sept. 14.
Photographer: David Kawai/BloombergAnalysts expect Prime Minister Mark Carney to push the federal government’s budget deeper into the red as Canada ramps up spending to bolster its military and infrastructure.
Canada’s budget deficit will be C$70 billion ($50.6 billion) this fiscal year, or more than 2% of gross domestic product, according to the median estimate in a Bloomberg survey of economists. That would be two-thirds higher than the C$42 billion the government had forecast in December.