The federal government is shifting when it releases the budgets going forward, a move that comes after the decision announced last month to release Budget 2025 on Nov. 4 .

This means the economic update, which normally occurs near the end of the year, will now be pushed to the spring of each year under Prime Minister Mark Carney.

In a release from the Department of Finance , the government says this move is aimed at “modernizing” the budget timeline to better line up with the timelines of other sectors and industries like “builders, businesses, investors, provinces, territories, and municipalities.”

“Starting with Budget 2025, the federal budget will be tabled in the fall, with an economic and fiscal update released in the spring,” the release said.

“This change will provide the

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