Canada Tables Spring Economic Update on April 28

OTTAWA Finance Minister François-Philippe Champagne announced Tuesday that the federal government will table its spring economic update on April 28, providing an assessment of Canada's fiscal trajectory amid global uncertainties including the ongoing war in Iran.

Speaking during question period in the House of Commons, Champagne outlined the update's focus on how the nation's economic position has shifted since the 2025 federal budget was presented last November. "I will have the pleasure to present the spring economic update on the 28th of April to this House," he said. "This is going to be a plan that is going to help families, it's going to help our industry, it's going to help our nation."

The update marks the first mid-year fiscal report under Prime Minister Mark Carney's Liberal government, which last year reversed the traditional timing of budget and economic statements. Previously, the annual budget came in the spring and the update in the fall; now, the budget arrives in autumn, with the update following in spring. The November budget, which became law in March, forecasted a deficit of 78.3 billion dollars for the current fiscal year, followed by progressively smaller...