In the news today: New analysis of federal finances, India says no to Canadian envoys
Here is a roundup of stories from The Canadian Press designed to bring you up to speed…
Tax cuts hurt Ottawa’s fiscal position: report
A new analysis of federal finances ahead of the much-anticipated fall budget argues Ottawa’s fiscal position was made worse by its decision to drop counter-tariffs and cut income taxes.
Desjardins deputy chief economist Randall Bartlett says in a new outlook published ahead of the Nov. 4 federal budget that Ottawa’s deficit is likely to be among the largest in recent memory outside of a recession or pandemic.


