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Canada's deficit to surge to $100 billion, National Bank's chief economist says


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Posted

Canada's deficit to surge to $100 billion, National Bank's Marion says | Financial Post

One of Canada’s major lenders says Prime Minister Mark Carney will push the country’s deficit to about three per cent of its gross domestic product as his government pursues major projects and tries to attract more investment.

Stefane Marion, National Bank of Canada’s chief economist, said he expects Ottawa’s fiscal shortfall will reach $100 billion this fiscal year, more than double the $42 billion the government forecast in December.
 
Told you guys, some people hear snickered when I said I bet it's going to be upwards of a hundred, But looks like we're going there.
That's about 3% of our GDP.
We simply cannot afford it. We cannot take that kind of a pounding. Carney is claiming he's going to try and invest in our future but that's what we heard from Trudeau every single year to explain his deficits. And we never got any return from that.
 
At this rate Canada is going to be broken for generations. It took 20 years to climb out from the mess the first Trudeau dug. This may be more like 40 or 50
  • Like 1

"That which doesn't kill me...

Had better start running."

Posted
1 minute ago, Shady said:

We are so screwed.

I think it's going to take a little bit to work our way back up to being screwed. 

"That which doesn't kill me...

Had better start running."

Posted
On 10/8/2025 at 4:55 PM, CdnFox said:

Canada's deficit to surge to $100 billion, National Bank's Marion says | Financial Post

One of Canada’s major lenders says Prime Minister Mark Carney will push the country’s deficit to about three per cent of its gross domestic product as his government pursues major projects and tries to attract more investment.

Stefane Marion, National Bank of Canada’s chief economist, said he expects Ottawa’s fiscal shortfall will reach $100 billion this fiscal year, more than double the $42 billion the government forecast in December.
 
Told you guys, some people hear snickered when I said I bet it's going to be upwards of a hundred, But looks like we're going there.
That's about 3% of our GDP.
We simply cannot afford it. We cannot take that kind of a pounding. Carney is claiming he's going to try and invest in our future but that's what we heard from Trudeau every single year to explain his deficits. And we never got any return from that.
 
At this rate Canada is going to be broken for generations. It took 20 years to climb out from the mess the first Trudeau dug. This may be more like 40 or 50

your forgetting to add on the "trillion" Carney promised to invest into the US for the next 5 years, plus the 500 billion invested into Canada...

We, the willing, led by the unknowing, are doing the impossible for the ungrateful. We have now done so much for so long with so little, we are now capable of doing anything with nothing.

Posted
44 minutes ago, Army Guy said:

your forgetting to add on the "trillion" Carney promised to invest into the US 

Well i was TRYING to anyway....   :) 

But what we're both overlooking sadly is that's just at the fed level. Most of the provinces are also going heavily into deficit and there's only one taxpayer. 

Our combined national debt is getting very close to the 'permanent damage' stage. the budget officer says if things don't change like right now (not in a year but immediately) then "things are going to break". 

We better hope carney's got one hell of a plan to cut spending and raise revenues. 

 

"That which doesn't kill me...

Had better start running."

Posted
2 hours ago, Army Guy said:

your forgetting to add on the "trillion" Carney promised to invest into the US for the next 5 years, plus the 500 billion invested into Canada...

What promise, it still isn't clear to you there was no such promise?

It's just something Poilievre pooped out for you to chew on.

I said now watch what you say they'll be calling you a radical,
a liberal, oh fanatical criminal

Posted
Quote

We are the largest foreign investor in the United States, half a trillion in the last five years alone, probably $1 trillion in the next five years — if we get the agreement we expect to get," Carney told the president during their meeting, a nod to Trump's fixation on announcing instances of foreign companies making big investments in the U.S.

https://www.cbc.ca/news/politics/carney-even-better-deal-9.6932036

https://www.theglobeandmail.com/canada/video-us-could-receive-1-trillion-of-canadian-investment-in-new-trade-deal/

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We, the willing, led by the unknowing, are doing the impossible for the ungrateful. We have now done so much for so long with so little, we are now capable of doing anything with nothing.

Posted
15 hours ago, eyeball said:

What promise, it still isn't clear to you there was no such promise?

It's just something Poilievre pooped out for you to chew on.

Back to lying to try to dodge the truth i see :P 

those are canadian jobs and our children's future that he's selling out right now ( you may not have children but for those who do it's a big deal)

  • Like 1

"That which doesn't kill me...

Had better start running."

Posted

Does his $100B deficit even account for the LPOC's media bribery expense that's coming up for the next election?  

Might as well call it a "$102B deficit". 

If the Cultist Narrative Network/Cultist Broadcasting Corporation gave an infinite number of monkeys an infinite number of typewriters, leftists would believe everything they typed.

"I don't hate American's, I pointed out the literacy rate to Uncle Sam." - LinkSoul

"It's just a parable about rocks and trees talking to muslims to help them kill Jews who are trying to hide. It's open to interpretation." - robobigot

Posted
1 hour ago, CdnFox said:

Back to lying to try to dodge the truth

What promise are you bozos going on about?

What on Earth has turned Canadian conservatives into such delicate little flakes?

I said now watch what you say they'll be calling you a radical,
a liberal, oh fanatical criminal

Posted
3 minutes ago, eyeball said:

What promise are you bozos going on about?

 

While we would provide you with yet another link but that would involve teaching you to read first and who has the time?

"That which doesn't kill me...

Had better start running."

Posted
2 hours ago, CdnFox said:

.....we would provide you with yet another link but..

No you wouldn't.

I said now watch what you say they'll be calling you a radical,
a liberal, oh fanatical criminal

Posted
19 minutes ago, eyeball said:

No you wouldn't.

More like I shouldn't need to. The previous ones should have done the job nicely but of course you're all about the lies and denial.

It's easier for you than talking about the subject. You know we're 100% correct but you don't want to talk about that so you try and twist the subject to this instead.

We understand. It's tough being wrong as often as you are. Obviously you have to find ways to cope

"That which doesn't kill me...

Had better start running."

Posted
3 hours ago, CdnFox said:

More like I shouldn't need to.

Its because you can't. It doesn't exist, its fake.

I said now watch what you say they'll be calling you a radical,
a liberal, oh fanatical criminal

Posted
44 minutes ago, eyeball said:

Its because you can't. It doesn't exist, its fake.

Except it already has been posted and is commented on all over the media. 

Soooo...  it's fake except for the fact that it's entirely real and was also commented on in the house of commons :) LOLOL

Honestly you get more pathetic every week 

"That which doesn't kill me...

Had better start running."

Posted (edited)
19 minutes ago, CdnFox said:

Except it already has been posted and is commented on all over the media. 

It certainly has been and its pure horseshit. Its all presented as if Carney promised a trillion Canadian tax dollars will be invested in the US.

Not a single person can show a clip of Carney promising anything or saying anything that even comes close to that.

This hooey is the best Poilievre can come up with? Its pathetic this so-called promise is getting so much traction. Where's the MSM when Carney really needs it shouldn't they be squelching this out? LMAO! 

But hey, if Poilievre is planning on putting an exit tax on private investment dollars going south count me in.

Edited by eyeball

I said now watch what you say they'll be calling you a radical,
a liberal, oh fanatical criminal

Posted
1 hour ago, eyeball said:

It certainly has been and its pure horseshit.

It's 100% true and like most of the time and like most of the left you prefer denial to simply facing the truth and coping with it.

I get that it upsets you that once again the left wing choice is turning out to be the worst thing for Canada. But that doesn't change the truth

"That which doesn't kill me...

Had better start running."

Posted
1 hour ago, CdnFox said:

It's 100% true

A trillion dollars...taken from Canadian taxpayers...

He must plan on taxing the rich.

I said now watch what you say they'll be calling you a radical,
a liberal, oh fanatical criminal

Posted
18 hours ago, eyeball said:

A trillion dollars...taken from Canadian taxpayers...

He must plan on taxing the rich.

Nope.  He's planning on using the money that would have gone to the poor.

"That which doesn't kill me...

Had better start running."

Posted
45 minutes ago, CdnFox said:

Nope.  He's planning on using the money that would have gone to the poor.

That he'll take from hard-working Canadian taxpayers. Poilievre promised you that's what Carney promised Trump.

And you bought it....LMAO!

Ok, whatever you say Chief.

 

I said now watch what you say they'll be calling you a radical,
a liberal, oh fanatical criminal

Posted
1 hour ago, eyeball said:

That he'll take from hard-working Canadian taxpayers. Poilievre promised you that's what Carney promised Trump.

 

Just like trudeau did. IT wasn't the wealthy that suffered under trudeau.  they either found ways to shelter their money (many through mark carney amusingly) or moved it.  It was the poor and the middle class that suffered under trudeau and will suffer under carney. 

Quote

And you bought it....LMAO!

LOL kid, it's not 'us' who are 'buying' anything. We see the truth. Just as we said a drama teacher doesn't know how to run a country. 

Carney is trump's man.  Trump says so right in front of him. carney gushes about trump like a 'shrieking teen at a Taylor Swift concert' According to the bbc

Canadian leader transformed into 'shrieking teen at a Taylor Swift concert' to butter up Trump.

He's given trump everything trump wanted.  And is trying to sell trump's tariffs as a 'good deal' for Canada. 

I'm afraid it's you who bought the snake oil kiddo :) 

"That which doesn't kill me...

Had better start running."

Posted (edited)
28 minutes ago, CdnFox said:

LOL kid, it's not 'us' who are 'buying' anything. We see the truth.

And pedalling Poilievre's lie.

Either that or none of you can tell the difference between an investment of private funds and an expenditure of the public's.

In either case there was never any promise. You guys have such a fetish with lies these days it's rendered you stupid as the day is long.

When you're not busy pretending there was a lie you're busy pretending there was a promise... it's fùcking pathetic.

Edited by eyeball

I said now watch what you say they'll be calling you a radical,
a liberal, oh fanatical criminal

Posted
7 minutes ago, eyeball said:

And pedalling Poilievre's lie.athetic.

It's absolute truth and many commented on it before he did. 

Sorry kid. Plugging your fingers in your ears and screaming doesn't change the facts. He said what he said and everyone saw it, and the only people denying it are liberal fanatics like yourself. 

"That which doesn't kill me...

Had better start running."

Posted
24 minutes ago, eyeball said:

And pedalling Poilievre's lie.

Either that or none of you can tell the difference between an investment of private funds and an expenditure of the public's.

In either case there was never any promise. You guys have such a fetish with lies these days it's rendered you stupid as the day is long.

When you're not busy pretending there was a lie you're busy pretending there was a promise... it's fùcking pathetic.

https://www.theepochtimes.com/world/carney-says-canada-could-invest-1-trillion-in-us-as-part-of-deal-with-trump-5925997

Posted
38 minutes ago, Legato said:

Even behind a paywall I know your story doesn't quote Carney using the word promise and $1 trillion dollars together in the same sentence. And it most certainly doesn't promise a public expenditure of $1 trillion - not so much as a dime.

It's pure PP poopoo.

Did you actually see or listen to the exchange between Carney and Trump that Poilievre is lying about?

1 hour ago, CdnFox said:

It's absolute truth and many commented on it before he did. 

So it was PP who drank koolaid and then spewed it?

That's even more pathetic really.

I said now watch what you say they'll be calling you a radical,
a liberal, oh fanatical criminal

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