Ottawa to Unveil Economic Update Detailing Deficit, New Border Security Package

The Canadian flag flies atop the Peace Tower on Parliament Hill in Ottawa on Oct. 30, 2024. The Canadian Press/Sean Kilpatrick

The Liberal government in Ottawa is set to unveil its fall economic update today, its first spending package since Donald Trump won the November presidential election.

Ottawa is expected to blow past its deficit target, but Finance Minister Chrystia Freeland has said debt-to-GDP is still in decline.