Source: Rachel Aiello, CTV News, November 21, 2018
OTTAWA — The federal government is going to go deeper into deficit in the coming years as it tries to encourage Canadian businesses to innovate.
While the economy continues to grow, a changed economic landscape in the United States and new policy measures that the governing Liberals are undertaking are pushing Canada further into the red.
In the 2019-20 fiscal year, the federal deficit is projected to increase by nearly $2 billion to $19.6 billion, up from the $17.8 billion projected for that year prior to today’s fall economic update.
Image Source: THE CANADIAN PRESS/Sean Kilpatrick
