Canada’s Conservatives Pledge to Cut Taxes, Shrink Deficits (1)

Canada’s Conservative Party is promising to run smaller deficits than the incumbent Liberals as it bets heavily on tax cuts and deregulation spurring an economic boom, especially in the country’s energy sector.

Pierre Poilievre’s plan would reduce the federal government’s shortfall to C$31.4 billion ($22.7 billion) this year, according to the party’s election platform released Tuesday. That compares to the C$46.8 billion estimated by the Parliamentary Budget Office in March. Over the next four years, the Conservatives’ cumulative shortfalls would total C$100.6 billion.

The document promises substantial tax cuts, which the Conservatives say will boost the economy sufficiently to ...