Canada Watchdog Projects Wider Deficits in Near Term Amid Tariff-Fueled Struggles

The Wall Street JournalThursday, September 25, 2025 at 2:38:00 PM
Canada Watchdog Projects Wider Deficits in Near Term Amid Tariff-Fueled Struggles
Canada's fiscal watchdog has warned that the country's budget deficit is set to widen, exceeding 2% of the economy in the near term. This projection comes amid weak economic growth and new spending measures proposed by Prime Minister Mark Carney aimed at restructuring the economy. The implications of these deficits could affect public services and economic stability, making it a critical issue for Canadians.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Confident Canada plot the ‘bursting’ of England in World Cup final upset
PositiveWorld Affairs
Canada's rugby team is gearing up for a thrilling World Cup final against England, aiming to shatter their unbeaten streak. With confidence high and the same starting lineup that has brought them success in the knockout stages, the team believes they have what it takes to pull off an upset. This match is significant not just for the championship but also for challenging England's dominance in the sport, making it a must-watch event for rugby fans.
Confident Canada plot the ‘bursting’ of England in World Cup final upset
PositiveWorld Affairs
Canada's rugby team is gearing up for a thrilling World Cup final against England, aiming to shatter their unbeaten streak. With confidence high and the same starting lineup that has brought them success in the knockout stages, the team believes they have what it takes to pull off an upset. This match is significant not just for the championship but also for challenging England's dominance in the sport, making it a must-watch event for rugby fans.
Iran's carpet industry unravelling under US sanctions
NegativeWorld Affairs
Iran's once-thriving carpet industry is facing a severe downturn due to US sanctions and shifting consumer preferences. Once generating over $2 billion in export revenues during the 1990s, the industry now barely manages to earn around $40 million, reflecting a staggering decline of more than 95 percent. This collapse not only impacts the economy but also threatens a significant aspect of Iran's cultural heritage, making it a critical issue for both artisans and the broader community.
Iran's carpet industry unravelling under US sanctions
NegativeWorld Affairs
Iran's once-thriving carpet industry is facing a severe downturn due to US sanctions and shifting consumer preferences. Once generating over $2 billion in export revenues during the 1990s, the industry now barely manages to earn around $40 million, reflecting a staggering decline of more than 95 percent. This collapse not only impacts the economy but also threatens a significant aspect of Iran's cultural heritage, making it a critical issue for both artisans and the broader community.
Budget will show steep rise in deficit, debt-to-GDP no longer falling: PBO
NegativeWorld Affairs
The Parliamentary Budget Officer (PBO) has released an updated fiscal outlook indicating a significant rise in the federal deficit and a halt in the decline of the debt-to-GDP ratio. This news is crucial as it sets the stage for the upcoming fall budget on November 4, highlighting potential challenges for the Liberal government in managing the economy and public finances.
Budget will show steep rise in deficit, debt-to-GDP no longer falling: PBO
NegativeWorld Affairs
The Parliamentary Budget Officer (PBO) has released an updated fiscal outlook indicating a significant rise in the federal deficit and a halt in the decline of the debt-to-GDP ratio. This news is crucial as it sets the stage for the upcoming fall budget on November 4, highlighting potential challenges for the Liberal government in managing the economy and public finances.
Canada is seeing its largest retirement wave as fertility rate plummets
NeutralWorld Affairs
Canada is experiencing a significant wave of retirements as the baby boomer generation reaches retirement age, with the peak expected by the end of this decade. This trend is crucial as it highlights the demographic shifts in the workforce and the potential economic implications, especially with the country's declining fertility rate.
Canada is seeing its largest retirement wave as fertility rate plummets
NeutralWorld Affairs
Canada is experiencing a significant wave of retirements as the baby boomer generation reaches retirement age, with the peak expected by the end of this decade. This trend is crucial as it highlights the demographic shifts in the workforce and the potential economic implications, especially with the country's declining fertility rate.
Winnipeg mayor calls for extended transit hours in next budget
PositiveWorld Affairs
Winnipeg's mayor is responding to the concerns of transit riders by proposing an expansion of late-night bus service in the next budget. This move is significant as it aims to improve accessibility and convenience for residents, especially those who rely on public transportation during late hours. By addressing these needs, the city is showing its commitment to enhancing the transit experience for all.
Winnipeg mayor calls for extended transit hours in next budget
PositiveWorld Affairs
Winnipeg's mayor is responding to the concerns of transit riders by proposing an expansion of late-night bus service in the next budget. This move is significant as it aims to improve accessibility and convenience for residents, especially those who rely on public transportation during late hours. By addressing these needs, the city is showing its commitment to enhancing the transit experience for all.
Dark-web drug network dubbed ‘RoadRunna’ dismantled by Ontario RCMP
PositiveWorld Affairs
The Ontario RCMP has successfully dismantled a sophisticated dark-web drug network known as 'RoadRunna,' which was shipping approximately 400 packages weekly across Canada. This operation is significant as it disrupts a major source of illegal drugs, enhancing public safety and demonstrating law enforcement's commitment to tackling cybercrime.
Dark-web drug network dubbed ‘RoadRunna’ dismantled by Ontario RCMP
PositiveWorld Affairs
The Ontario RCMP has successfully dismantled a sophisticated dark-web drug network known as 'RoadRunna,' which was shipping approximately 400 packages weekly across Canada. This operation is significant as it disrupts a major source of illegal drugs, enhancing public safety and demonstrating law enforcement's commitment to tackling cybercrime.
Latest from World Affairs
Children's names, pictures and addresses stolen in nursery chain hack
NegativeWorld Affairs
A recent hack of a nursery chain has led to the theft of children's names, pictures, and addresses, prompting experts to label it as an 'absolute new low' for cyber-crime. This incident raises serious concerns about the safety and privacy of vulnerable populations, particularly children, and highlights the urgent need for enhanced cybersecurity measures in institutions that handle sensitive information.
Canada Post can end door-to-door delivery, close rural offices, Ottawa says
NegativeWorld Affairs
Canada Post is facing significant changes as Ottawa has announced it can end door-to-door delivery and close rural offices. Joël Lightbound, the minister responsible for Canada Post, emphasized that these measures are essential for the survival of the struggling national mail carrier. This decision raises concerns about accessibility for rural communities and the future of postal services in Canada.
8 in 10 car or booster seats for children improperly used, Nova Scotia study finds
NegativeWorld Affairs
A recent study in Nova Scotia revealed that 80% of car and booster seats for children are being used incorrectly, highlighting a significant safety concern for young passengers. Conducted across 33 communities with 1,005 child passengers surveyed, the findings stress the importance of proper seat usage to ensure children's safety during travel. This issue matters because it underscores the need for increased awareness and education among parents and caregivers about the correct installation and use of these essential safety devices.
Ex-President Nicolas Sarkozy remained a dominant force in French politics until justice closed in
NegativeWorld Affairs
Former French President Nicolas Sarkozy, once seen as a resilient figure in politics, is now facing a significant legal challenge with a five-year prison sentence looming over him. Despite his past ability to navigate controversies, this situation marks a critical moment in his career and raises questions about his lasting influence in French public life. As discussions about his legacy unfold, the implications of his potential imprisonment could reshape the political landscape in France.
Sarkozy says he will ‘sleep in prison, but with head held high’ following guilty verdict in Libya trial – Europe live
NegativeWorld Affairs
Former French President Nicolas Sarkozy has been found guilty of criminal conspiracy for accepting millions from the late Libyan leader Muammar Gaddafi. Despite his claims of innocence, Sarkozy faces time in prison, even if he chooses to appeal the verdict. This case is significant as it highlights the ongoing scrutiny of political financing and the legal repercussions that can arise from past actions, especially involving controversial figures like Gaddafi.
DeChambeau calls on Trump to inspire US team to Ryder Cup glory at Bethpage
PositiveWorld Affairs
Bryson DeChambeau has urged Donald Trump to motivate the US team as they compete for Ryder Cup glory at Bethpage Black. With Trump set to attend the first day of the competition, DeChambeau believes his presence could be a significant boost for the team. This call for inspiration highlights the intersection of sports and politics, showing how influential figures can rally support and potentially impact the outcome of major sporting events.