Canada's Spring Economic Update 2026 proves the government is delivering real fiscal discipline while building a stronger economy. Projected deficits are lower across the fiscal horizon, and the Canada Strong Fund gives everyday Canadians a direct stake in nation-building projects. This is responsible governance that cuts costs, creates skilled trades jobs and invests in communities.
The Carney Liberals slashed the projected deficit on paper, then turned around and announced $37.5 billion in new spending, pushing the actual 2025-26 deficit to $66.9 billion. Debt servicing alone will cost taxpayers $54 billion this year — roughly equal to all federal health care spending. Calling that fiscal discipline is pure fiction.
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