The Financial Post reports in its Thursday, Nov. 6, edition that CIBC economists Avery Shenfeld, Ali Jaffery and Katherine Judge say in a note about Wednesday s federal budget, "The real challenge won't be to finance a few years of higher deficits, but to get money out the door and into large capital projects and housing developments in time to lift growth while the economy struggles to adjust to U.S. tariffs." Budget 2025 projected deficits of $78.3-billion in fiscal year 2025 26 and $65-billion the following year, with shortfalls remaining elevated through the five-year outlook. The CIBC economists say the deficit should not set off alarm bells over "fiscal sustainability," as it comes in at 2.5 per cent of GDP. The CIBC economists say: "This year s federal deficit isn't out of line with past periods of economic weakness. That U.S. deficit is structural and likely to be sustained, rather than linked to a lull in economic activity as is the case north of the border." President Donald Trump's trade war has created a situation where stimulus is needed now. But the budget, which depends on significant capital projects to counter the damage from tariffs, will not boost the economy for some time.