Federal government's mid-year fiscal report less than rosy for Canada's economy

The federal government unveiled its mid-year fiscal update this week, but its outlook for the government and the country’s economy is less than rosy. The deficit is expected to grow, while economic growth is expected to slow in 2024. National Post political reporter Ryan Tumilty joins the show to discuss what this means for the country’s bottom line, the political ramifications for the government and what measures are in the update to help Canadians. Background reading: 'There is no more fiscal room': Deficits expected to rise as the government projects dark economic clouds Learn more about your ad choices. Visit megaphone.fm/adchoices