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Canada's Budget Deficit Widens
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Overview
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Canada's budget deficit expanded in October to C$6.96 billion, driven by declining corporate-tax revenue and increased spending on government programs and jobless benefits. The current fiscal year's budget deficit exceeds the previous year by a significant margin, with the government aiming to limit it to C$40 billion or 1.4% of Canada's GDP.
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How might the widening budget deficit impact Canada's economic growth and fiscal stability?
In what ways could the surge in public-debt charges affect Canada's debt-to-GDP ratio and overall debt management?
What measures can the Canadian government take to address the challenges in corporate-tax revenue and jobless benefits?
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