In medium-growth scenario, projection now 57 million by 2075
Finance minister blames rising health care costs, falling oil prices, previous government
Nearly half of the spending was on social protection and health
The deficit is projected at $12.4B, down from $13.6B
Province had projected a $12M surplus in the spring
Deteriorating government finances could weigh on sovereign in medium term
Employee compensation increased across Canada, while GDP fell in two territories
Quebec hit hardest, Ontario holding up, B.C. faring worse
Provinces with hard hit sectors, large U.S. exports, most exposed
Several provinces could see return to annual budget surpluses before 2030