Overview

• Finance Minister Chrystia Freeland is expected to miss the deficit target of $40 billion, with projections now reaching up to $60 billion for the last fiscal year.
• Freeland and Trudeau reportedly disagree on new spending measures, including a GST holiday and $250 checks, which critics label as ineffective and politically motivated.
• Speculation is growing about Freeland's future, with reports suggesting Trudeau is courting former Bank of Canada governor Mark Carney to replace her as Finance Minister.
• The government has abandoned key fiscal anchors, raising concerns about long-term economic stability and leaving Canada vulnerable to external economic shocks, including potential U.S. tariffs under President-elect Donald Trump.
• Calls for an election are intensifying as Trudeau's government faces internal divisions, declining public support, and mounting challenges at home and abroad.