What to expect from Mark Carney’s fiscal update amid high deficits and rising risks

April 26, 2026

Toronto Star: The deficit for the 2025-26 fiscal year was slated to hit $78.3 billion, more than double the year before. And despite an ongoing effort to find $60 billion in internal cuts, overall spending is projected to climb more than $50 billion further over the next four years as the Liberals promise to stop using borrowed money for government operations…