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GOLDSTEIN: Mark Carney and the magical, mystery decreasing deficit

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29.04.2026

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GOLDSTEIN: Mark Carney and the magical, mystery decreasing deficit

It's an old trick used by finance ministers for decades

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Given that those who forget the past are condemned to repeat it, the fact that Finance Minister Francois-Philippe Champagne reported a drop in last year’s projected deficit from $78.3 billion to $66.9 billion — a decrease of $11.4 billion — in Tuesday’s spring economic statement should surprise no one.

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