PREVIEW

Canada Projects Strong Growth As Deficit Falls In Spring Update. Mark Carney has unveiled stronger-than-expected economic figures, with Canada’s deficit projected to fall. The latest update shows government debt is lower than previously forecast, helped by higher oil prices and a resilient economy despite global uncertainty. The government is using the improved outlook to justify new spending, including investment in infrastructure and training skilled workers. A key part of the plan is a new sovereign wealth fund, aimed at boosting sectors such as energy, technology and agriculture. Carney said the results reflect tough fiscal decisions, but warned Canada still faces risks from US tariffs and geopolitical tensions. While the outlook has improved, officials caution that global instability could still impact growth in the long term.
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