The facts
Canada’s 2026 budget projects a C$62.3 billion deficit for fiscal 2026–27, about C$3 billion below the April forecast, AP reported. [1][2]
The budget proposes C$142.1 billion in spending and tax measures over five years and a C$25 billion national wealth fund; these are proposals, not realized spending or an established fund. [1][2][3]
The budget forecasts real GDP growth of 1% in 2026 and 1.7% in 2027. These are forecasts, not observed growth. [1][2]
Still unconfirmed
- The budget’s final legislative treatment and future performance of the proposed fund are not established.
Sources
References support the numbered facts above. Source checks: 6 Nov 2026, 03:17 UTC.
- Canada’s budget bets on infrastructure and national wealth fund to revive growth
The Associated Press · Reporting · 5 Nov 2026
Opened the full AP report.
- Budget 2026: Economic and Fiscal Update
Department of Finance Canada · Primary source · 5 Nov 2026
Opened the government’s fiscal annex for deficit and growth projections.
- Remarks by the Minister of Finance and National Revenue
Department of Finance Canada · Primary source · 5 Nov 2026
Opened the minister’s budget-day remarks on proposed measures.