Federal Deficit Could Grow to $117 Billion by 2025: Report
CanadaPeople walk on Parliament Hill in Ottawa, in a file photo. The Canadian Press/Sean KilpatrickMatthew Horwood4/9/2026|Updated: 4/9/20260:00Canada’s current fiscal trajectory will lead the federal deficit to grow to $117 billion by 2035, according to a new report.While the federal government’s latest budget projects a deficit of just $57 billion by 2029, the report by public policy think tank MEI said that increasing elderly benefits, transfers to provinces, and military spending would put the figure much higher.
Chinese Scientists Flagged Glacial Flood Danger One Year Before Nepal Catastrophe
More than a year before the catastrophic flash flood devastated the China–Nepal...
Iceland Focuses on Security Partnerships After Voters Reject Opening EU Membership Talks
Icelandic Minister for Foreign Affairs Thorgerdur Katrin Gunnarsdottir attends a press conference...
Italy, Spain Extend Tit-for-Tat Border Curbs After Ceuta Illegal Immigrant Crisis
Immigrants gather on a hill as they attempt crossing from the border...
Vaccine Maker Halts Trial on mRNA Cancer Shot
A pharmacist administers the Pfizer-BioNTech vaccine in Los Angeles, Calif., on October...
