Story perspectives

Canada's $78B Deficit: Youth Programs Amid Immigration Cuts

11/5/2025

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Summary

Story summary

Prime Minister Mark Carney's government projects $78 billion deficit for 2025-26, with investments in youth programs.
The budget allocates $1.5 billion to programs such as Canada Summer Jobs and Student Work Placement.
It cuts international study permits for 2026 by 65%, reducing targets from 437,000 to 155,000.
The plan aims to stabilize immigration and could hurt Canadian universities; it funds $1.7 billion over 13 years to attract international researchers.

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Story summary

Prime Minister Mark Carney's government projects $78 billion deficit for 2025-26, with investments in youth programs.
The budget allocates $1.5 billion to programs such as Canada Summer Jobs and Student Work Placement.
It cuts international study permits for 2026 by 65%, reducing targets from 437,000 to 155,000.
The plan aims to stabilize immigration and could hurt Canadian universities; it funds $1.7 billion over 13 years to attract international researchers.