The Globe and Mail reports in its Tuesday edition that B.C. Premier David Eby's decision to remove the consumer carbon tax has helped drive the province to a new record-high deficit of $11.6-billion. The Globe's Justine Hunter writes that B.C.'s carbon tax was eliminated on April 1. The impact of that tax change is a loss of $2-billion in revenue. The new deficit forecast announced by Finance Minister Brenda Bailey would have been substantially larger, but the province is counting in this budget 18 years worth of income from a settlement with tobacco companies. B.C.'s $2.7-billion one-time windfall flows from a compensation settlement won by the provinces and territories to offset the harms of tobacco consumption. Economic growth forecasts have been revised down to 1.5 per cent in 2025 from 1.8-per-cent growth expected in March. A new Scotiabank report confirmed Monday that B.C. is less exposed than the provinces of Ontario, Quebec, Alberta and New Brunswick, which are all experiencing more significant downgrades as a result of the trade war with the United States. B.C. can expect its economy to shrink by 0.1 per cent as a result of U.S. tariffs, but the province's revenue losses have not been matched by spending cuts.