Top takeaways from the spring financial update
The government’s deficit in 2025-26 was lower by $11.4-billion than anticipated in Budget 2025, partly because of better government revenues impacted by higher oil prices.
The government’s deficit in 2025-26 was lower by $11.4-billion than anticipated in Budget 2025, partly because of better government revenues impacted by higher oil prices.



Although provincial and federal political actors broadly agree on the value of a more integrated Canadian market, the biggest obstacle standing between political will and a fully optimized market is our federal system itself.