Bill extends 2017 tax cuts, slashes safety net programs and adds US$3.3 trillion to the deficit — and excludes Section 899
That compares with $50.9B deficit in the same period of 2023-2024
Foreign investors have ramped up their holdings of federal debt, NBF reports
Negative economic shock from U.S. increases urgency of long-standing challenges
Lack of fiscal transparency raises spectre of a rating downgrade
Rising deficits for the next few years dims provincial finances
Rising revenues were offset by higher spending and debt charges
Tory tax pledges likely to lead to deeper deficit, DBRS says
Higher revenues offset by rising program expenses and debt charges
Tax commitments, trade measures, new vision to drive deficits higher: Scotia