OTTAWA—After a brief hint of a budget surplus in last fall’s fiscal update, Canada will once again be facing budget deficits for the foreseeable future.
The deficit will be $43 billion for the government’s fiscal year ending this month and is projected to improve to $14 billion in the red by March 2028. The fall fiscal update presented last November projected a fiscal surplus of $4.5 billion by March 2028. 
But Canada continues to have the best debt dynamics in the G7 and the pandemic recovery in jobs and economic growth have also topped its peers, which Deputy Prime Minister and Finance Minister Chrystia Freeland touted today. She added that 830,000 more Canadians are working now as compared to when the pandemic began….