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Spring Update brings revised deficit, wealth fund, and trades package

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Spring Update brings revised deficit, wealth fund, and trades package

The Spring Economic Update was released after the close yesterday, bringing with it a revised fiscal deficit projection of $67B - down from $78B on the back of higher nominal GDP and oil prices. Another ~$55B of spending was layered in since the initial budget, including a ~$6B package aimed at adding 80-100K Red Seal trades workers over five years in industries that align with Carney’s agenda. Reinforcing that agenda is the new $25B Canada Strong Fund, which looks set to be seeded via borrowing and grown through asset monetization and retail involvement... interesting.

Eli Rodney
Eli Rodney

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Apr 29, 2026

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1 min read

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