Canada Cuts Borrowing Despite Bigger Deficit—Here’s What They’re Hiding
The Government of Canada (GoC) surprised investors this week with a budget that pairs soaring deficits with minimal new borrowing. If that sounds off, it is. Budget 2025 relies heavily on financial engineering, with a significant portion of its funding already issued—it’s November 2025, remember? Banks warn bond issuance is set to soar within months, […]
