Billy Bishop Airport expropriation legislation includes large portions of Toronto Islands

OTTAWA — Fiscal analysts expect the federal deficit in Tuesday’s spring economic update to be less than what was initially projected, thanks to higher revenues and revised GDP figures. “I’m anticipating that they will show better numbers than in November 2025 Budget,” said Kevin Page, president and CEO of the Institute of Fiscal Studies and Democracy at the University of Ottawa. “The deficit would be lower in 2025-2026 than projected and probably lower this year, even though there’s an enormous amount of uncertainty where things will end up in 2026-2027 because of a number of...