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Stock impact report

Canadian provinces report historic deficits, citing US tariffs and global instability [Wealth Professional (Canada)]

Equinor ASA (EQNR) 
Last equinor asa earnings: 2/6 12:43 am Check Earnings Report
In response to external economic challenges, including tariffs imposed by US President Donald Trump, both Prince Edward Island and Newfoundland and Labrador have tabled provincial budgets for 2025–26 that forecast record deficits and increased contingency funding. The Canadian Press reported that Prince Edward Island's Progressive Conservative government introduced a $3.5bn budget on Thursday, projecting a $183.9m deficit—the largest in the province's history. According to Finance Minister Jill Burridge, the figure includes a $32m tariff and trade contingency fund aimed at buffering the provincial economy from tariff-related disruptions. “We recognize that our economy faces challenges far beyond our borders, especially the unpredictable and damaging tariffs that threaten Island exports,” Burridge told the legislature. She stated the contingency fund would enable the province to “respond quickly when further disruptions occur to our economy over the next fiscal year.” The bu Show less Read more
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