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Canada Forecasts C$62.3 Billion Federal Deficit for 2026-27
The projection is C$3 billion below the spring estimate. A separate Parliamentary Budget Officer estimate was C$63.3 billion.

Canada’s federal government projects a C$62.3 billion deficit for fiscal 2026-27, C$3 billion below its spring estimate amid ongoing global supply disruptions.
The spring update put the shortfall at C$65.3 billion. A separate estimate from the Parliamentary Budget Officer was C$63.3 billion, C$1 billion above the federal projection.