An expanded trade war has cabinet “constantly looking at our tax system,” Prime Minister Mark Carney told reporters Saturday. The Budget Office had warned of larger-than-forecast deficits even before the shock of 50 percent tariffs: “We will borrow”

Must Tax & Borrow: Carney

By News on the Net -- Blacklock's Reporter——Bio and Archives--August 25, 2026

News in Brief—News Headlines | CFP Comments | Subscribe | Email Us

"We will borrow," MarkJCarney tells reporters as wider trade war shreds 2026 Finance Canada planning, including deficit the Budget Office already warned was headed for $72B.

"We will borrow," @MarkJCarney tells reporters as wider trade war shreds 2026 @FinanceCanada planning, including deficit the Budget Office already warned was headed for $72B. https://t.co/LBsPQN3kYu #cdnpoli @PBO_DPB @FPChampagne pic.twitter.com/cVhQw42Lmc
— Blacklock's Reporter (@mindingottawa)August 24, 2026

View Comments

News on the Net——Bio and Archives

News from around the world