TSX:AX.PR.E - Post by User
Post by
Torontojayon Dec 16, 2024 5:54pm
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Post# 36365142
Deficits always grow larger in a recession
Deficits always grow larger in a recession We shouldn't be surprised that Canada's deficit has exploded in the last fiscal year to $61.9 billion.
Tax receipts come down as more people are laid off and government spending increases as usual.
In the US, we have a similar situation unfolding with lower tax receipts in the first two months of fiscal 2025 and Federal outlays increasing. That's a horrible combination and outcome for its people.
Now if we can only get Jagmeet Singh to stop holding Canadians hostage and do the right thing and call an election.
Let's free Canada from this tyrannical regime.