Canadian Deficit Balloons as Spending Growth Outpaces Revenue
- Canadian government spending growing nearly twice as fast as revenue
- Interest payments continuing to climb, up 36% from previous year
- Deficit for 2023-2024 fiscal year is $25.7 billion so far
- Tax revenues up just 1.1% year-to-date, corporate tax down 14.7%
- Finance Minister Freeland pledging fiscal restraint ahead of April budget
