Politics9/16/2025Bloomberg

Carney to Unveil Budget Nov. 4 With ‘Substantial’ Deficit

Carney to Unveil Budget Nov. 4 With ‘Substantial’ Deficit

The Canadian government has announced that it will unveil its federal budget on November 4th. Finance Minister Francois-Philippe Champagne revealed this information during a parliamentary session in Ottawa. The upcoming budget is expected to include a "substantial" deficit, though the exact figures have not been disclosed. This news comes as the government continues to navigate the economic challenges posed by the ongoing COVID-19 pandemic, which has significantly impacted the country's fiscal situation. The budget's release will provide further details on the government's plans to support the Canadian economy and address the financial implications of the health crisis. While the specific details of the budget remain to be seen, this announcement sets the stage for a crucial financial update from the Canadian government in the near future.

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