The Office of the Parliamentary Budget Officer forecasts a $49.3 billion deficit for 2025-26, representing 2.2% of GDP

Source: WSJ Economy | Published: September 25, 2025, 2:38 pm | Read Original

Optimistic 15.0

The Office of the Parliamentary Budget Officer forecasts a $49.3 billion deficit for 2025-26, representing 2.2% of GDP

Canada’s budget deficit is projected to widen and surpass 2% of the economy for the current and coming fiscal years due to weak growth and spending measures planned by Prime Minister Mark Carney to rewire the economy, according to the country’s fiscal watchdog.

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