By Craig Lord The federal Liberals say they’re putting the windfall from an unexpected boost in revenues into measures to make life more affordable, build up the economy and promote the skilled trades. But Ottawa’s spring economic update also sees some darker clouds on the horizon as uncertainty over the Iran war and U.S. tariffs threatens growth in the years ahead. Finance Minister François-Philippe Champagne on Tuesday tabled Canada Strong For All, a mid-year fiscal update that includes $54.5 billion in new costs and spending since Budget 2025. Improved revenues and reduced expenses elsewhere allowed the government to include $37.5 billion in net new spending in the spring economic update without pushing up the annual deficit. The Liberals now estimate last year’s federal deficit came in at $66.9 billion, more…
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