Tuesday, August 5, 2025
NewsWave
No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology
Login
No Result
View All Result
Login
NewsWave
No Result
View All Result
Home World Canada

With deficit projected to soar to $92 billion, 'it is unfair to pass these burdens on,' C.D. Howe Institute says

4 July 2025
in Canada
0
With deficit projected to soar to  billion, 'it is unfair to pass these burdens on,' C.D. Howe Institute says
Share on FacebookShare on Twitter
How does this make you feel?



OTTAWA — A report from the C.D. Howe Institute projects that Prime Minister Mark Carney’s government will face a staggering deficit of over $92 billion this fiscal year, nearly double previous estimates, with ongoing deficits exceeding $77 billion annually for the next four years. The report criticizes the government’s delayed budget release and calls for improved accountability and potential spending cuts to address Canada’s fiscal challenges.

Explain It To Me Like I’m 5: A new report warns that Canada’s government, led by Prime Minister Mark Carney, is facing a much bigger money problem than expected, with huge debts and spending, which could hurt future generations.

Want More Context? 🔎

🪄 Creating a simple explanation...

Tags: 039ItBillionburdensC.DDeficitHoweInstituteon039Passprojectedsoarunfair
Previous Post

Trump’s plea to drop the Bibi charges may just be a path to Gaza ceasefire – Middle East Monitor

Next Post

‘Beautiful and much-loved’ mum and daughter, 6, killed in car crash named

Related Posts

Halifax mall murder plotter who 'carried the swastika with pride' denied parole
Canada

Halifax mall murder plotter who 'carried the swastika with pride' denied parole

by My News Wave
5 August 2025
0

An American, Lindsay Souvannarath, serving a life sentence in Canada for conspiring to commit a mass shooting at a Halifax mall on Valentine's Day 2015, has been denied full parole. Arrested before the attack could take place, she and her accomplices planned to inflict mass casualties, but her recent parole board decision cited her ongoing risk for violent recidivism despite claims of personal growth. Want More Context? 🔎

Read more
Flight attendant sues Delta for USM over upside-down plane crash in Toronto
Canada

Flight attendant sues Delta for US$75M over upside-down plane crash in Toronto

by My News Wave
5 August 2025
0

An off-duty flight attendant, Vanessa Miles, has filed a US$75-million lawsuit against Delta Air Lines following a crash at Toronto Pearson International Airport on February 17, 2025, claiming the airline's negligence regarding pilot training and safety procedures contributed to the incident. The crash, which left her injured and unconscious while surrounded by jet fuel, involved a Bombardier CRJ-900 that rolled over upon landing, injuring over 20 of the 80 passengers and crew. Want More Context?...

Read more
Champagne, Anand in Mexico to strengthen Canada's trade ties
Canada

Champagne, Anand in Mexico to strengthen Canada's trade ties

by My News Wave
5 August 2025
0

Finance Minister François-Philippe Champagne and Foreign Affairs Minister Anita Anand are in Mexico to meet with President Claudia Sheinbaum, aiming to strengthen economic ties amid a trade conflict with the United States. This meeting is part of a broader strategy to establish relationships that could lead to future discussions with Prime Minister Mark Carney. Want More Context? 🔎

Read more
'They were shot in the head': Canadian Druze ask Ottawa to intervene
Canada

'They were shot in the head': Canadian Druze ask Ottawa to intervene

by My News Wave
5 August 2025
0

Canadian Druze expressed deep concern for their relatives in the Syrian village of Suwayda, where recent clashes resulted in horrific violence, including massacres and kidnappings, prompting a news conference at Toronto City Hall on July 25. Rahaf Alakbani, a Syrian refugee, highlighted the dire situation, revealing that her family members were among the victims, and urged the Canadian government to intervene against the ongoing atrocities. Want More Context? 🔎

Read more
'That's a lot of bottles!': Uncorking the value of American booze pulled from NSLC shelves
Canada

'That's a lot of bottles!': Uncorking the value of American booze pulled from NSLC shelves

by My News Wave
5 August 2025
0

The NSLC has begun removing American alcohol from its shelves, necessitating the warehousing of a significant amount of stock due to ongoing trade tensions with the U.S. Documents obtained by CBC News reveal that some products being removed are not actually American, highlighting complexities in the enforcement of this decision. Want More Context? 🔎

Read more
Environmental groups launch legal campaign to stop Sask. coal plant extension
Canada

Environmental groups launch legal campaign to stop Sask. coal plant extension

by My News Wave
5 August 2025
0

Two environmental groups and three activists, including an 11-year-old, have filed a lawsuit against the Saskatchewan government, arguing that the decision to extend the life of the province's coal power plants was made without public consultation and violates federal laws. The case highlights concerns over environmental policy and the governance of energy resources in Saskatchewan. Want More Context? 🔎

Read more
NewsWave

News Summarized. Time Saved. Bite-sized news briefs for busy people. No fluff, just facts.

CATEGORIES

  • Africa
  • Asia Pacific
  • Australia
  • Business
  • Canada
  • Entertainment
  • Europe
  • India
  • Middle East
  • New Zealand
  • Sports
  • Technology
  • UK
  • USA
  • World

LATEST NEWS STORIES

  • Halifax mall murder plotter who 'carried the swastika with pride' denied parole
  • EuroMillions £157,000,000 winning jackpot numbers revealed
  • Epstein files: Clintons among high-profile former officials subpoenaed as Justice Department seeks evidence
  • About Us
  • Disclaimer
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact Us

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • World
  • USA
  • Business
  • Sports
  • Entertainment
  • Technology

Copyright © 2025 News Wave
News Wave is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In