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Prime Minister Mark Carney is set to deliver an economic speech to Canadians on Wednesday, just two weeks before the hotly anticipated federal budget. It will come as a new report from Desjardins estimates the federal budget deficit could be the highest in 30 years, outside of the Great Recession and Covid-19 pandemic years.The federal government is expected to deliver its budget on Nov. 4, which will include details on Canada’s defence spending commitments, as well as a clearer picture of how high the deficit could climb.It isn’t clear yet exactly what details for the economy Wednesday’s speech may include, but it comes amid growing warnings that Canada will see a significant deficit.Ottawa’s fiscal watchdog estimated last month that the annual deficit could climb to $68.5 billion this ye...

The Department of National Defence has quietly cancelled a contract with a Canadian firm to refurbish armoured vehicles to be delivered to Ukraine — but the federal defence minister won’t say why. Defence Minister David McGuinty was pressed about the contract at the House of Commons national defence committee on Tuesday as part of a general briefing on Canada’s defence spending and NATO commitments.Conservative defence critic and committee vice-chair James Bezan said the contract with Armatec Survivability in Dorchester, Ont., near London, was for 25 light armoured vehicles to be refurbished by the company, but that none of those vehicles had been delivered to Ukraine and the contract had been “paused or cancelled.”“A decision has been made to nullify the contract with that company present...

By Staff The Canadian Press Posted October 21, 2025 3:34 pm 1 min read Descrease article font size Increase article font size The lawyer for a Quebec Liberal MP who won her riding in the April federal election by a single vote says it would be unreasonable to cancel the result over one uncounted ballot. Tatiana Auguste’s lawyer told a hearing in St-Jérôme, Que. that ordering a new election would effectively deny the right to vote to the more than 60,000 people who cast ballots in the Terrebonne riding. Get breaking National news For news impacting Canada and around the world, sign up for bre...

By Jack Farrell The Canadian Press Posted October 21, 2025 2:29 pm Updated October 21, 2025 3:09 pm 1 min read Descrease article font size Increase article font size Vote counting in Alberta’s municipal and school board elections has resumed. Few results were available after polls closed Monday night, as rule changes made by Premier Danielle Smith’s government require votes be counted by hand rather than with machines. Get daily National news Get the day's top new...