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Instant View: Canada sees much higher deficits, slashes growth forecasts

The Canadian government on Tuesday said its budget deficit for the 2025/26 fiscal year would almost double to C$78.3 billion from the C$42.2 billion it forecast last December. It blamed the deterioration on the damage done by U.S. tariffs and measures taken to counter them, while slashing growth forecasts for 2025 and 2026. [....]