Canada heading towards decades of deficits, report suggests

(CP) - A federal analysis released quietly by the Trudeau government warns that Canada could be heading toward decades of deficits.

The report was published on the Finance Department's website two days before Christmas.

It predicts that if the government stays its current course, it could be on track to run annual shortfalls until at least 2050.

The document warns that would more than double the national debt to more than 1.5-trillion dollars.