Everything Our Deals Experts Recommend From Nordstrom's Anniversary Sale
Our deals team has been tracking the best markdowns during the Nordstrom Anniversary Sale. ILLUSTRATION: FORBES / PHOTOS: RETAILER
The Nordstrom Anniversary Sale will be live through August 3, but its most coveted deals typically sell out in specific sizes and colorways. We highly recommend shopping sooner rather than later in order to get the best selection of offers before they're gone. Up ahead, we've listed the best deals currently available and separated them by category for easy browsing. Solawave Wrinkle Retreat LED Face Mask: Now $244, Was $349 (30% Off)
Osea Cleanse & Glow Body Set: Now $62, Was $104 (40% Off)
La Mer Mini Miracles Moisturizing Cream Skincare Set: Now $98, Was $174 (44% Off)
Lancôme Cils Booster XL Mascara Gift Set: Now $38, Was $68 (44% Off)
Estée Lauder Advanced Night Repair Supercharged Gel Eye Cream Duo: Now $96, Was $148 (35% Off)
Nécessaire The Body Lotion: Now $32, Was $48 (33% Off)
Elemis Jumbo Pro-Collagen Cleansing Balm: Now $89, Was $120 (26% Off)
T3 Curlwrap Curling Iron: Now $135, Was $210 (36% Off)
NuFace Trinity+ Complete: Now $399, Was $595 (33% Off)
Oribe Gold Lust Set: Now $102, Was $152 (33% Off)
Supergoop Invisible Icons SPF Set: Now $54, Was $80 (33% Off)
'I have a lot of items in my Nordstrom cart, but the product I'm most excited to order is these Dolce Vita shoes,' says deals and coupons writer Bianca Alvarez. 'After hearing from my friends and family how comfortable they are, I knew I needed to get a pair.' These everyday sneakers are available in four colors and multiple sizes—Nordstrom recommends ordering 1/2 size up.
'I'm not kidding when I say I own (and have tried) most of T3's catalogue, and one of my absolute favorites is this styling brush,' shares Alvarez. 'With multiple heat and airflow settings, I can turn my freshly showered hair into a smooth, salon-like blowout in just a few minutes. I love gifting this to everyone because of how user-friendly it is (regardless of their skill level or hair type).'
This reusable water bottle is large enough to hold tons of water and ice, but the best part is that it keeps drinks cold for hours. That's because it has a double-wall insulation that maintains cold temperatures for up to 24 hours (and hot drinks for up to 12 hours).
Béis makes some of our favorite luggage, and Alvarez never goes on any long trips without this suitcase. This check-in roller offers a durable polycarbonate shell, 360-degree wheels, a telescoping handle, internal organization components and TSA-approved locks. Even after going on countless vacations, all of its features look and function like brand new, making it worth the splurge.
'This lip and cheek stain has quickly become a summer staple in my makeup routine,' says deals editor Maya Gandara. 'I can apply it wherever I want a little pop of color and not worry about it fading or slipping off—even on super sweaty days.'
Zella's leggings are some of the most durable options on the market—Alvarez still owns her first pair from high school. These are supportive, stretchy and have a buttery feel that makes it extremely comfortable for working out and lounging around the house.
'Hourglass's makeup brushes are by far my favorite because of how soft and versatile they are,' says Alvarez. 'With this double-ended brush, I'm able to gently powder my face and reach smaller areas (like my under-eyes) with precision. The setting powder melts into my skin, keeping my makeup on for hours without looking overdone—the ultimate goal.'
'If I could only wear one sock brand for the rest of my life, it would be Bombas,' says Gandara. 'They hold up well through repeated wears and runs through the washing machine, and offer a level of comfort all other pairs in my drawer have yet to beat. I'll personally be stocking up on this set that features one of my favorite ankle sock designs from the brand.'
Pura makes chic and effective diffusers for your home and car. This car set is an editor favorite since it's easy to use and releases just enough scent to make a noticeable difference without overwhelming the space. It includes the rechargeable smart diffuser and a smart fragrance vial featuring one of Pura's signature scents.
Up your loungewear game with these super cozy and soft Ugg slippers that are perfect for puttering around the house. Hint: These also make a fantastic holiday gift, so stock up while they're on sale.
It doesn't get more classic than these leather Sperry boat shoes. The soles are designed to offer ample traction on wet or dry surfaces, and the cushioned footbed brings plenty of comfort. Choose from tan, light green or navy.
As summer transitions into fall, you'll be glad you invested in this pair of leather riding boots. With a stable block heel and grippy rubber sole, they're easy to walk in—plus, they come in a wide option for thicker calves.
This wedge offers enhanced arch support, ample cushioning and a molded EVA footbed, a great balance of comfort and style for all-day wear. Four different colorways are currently on sale with this 38% discount.
Flats are a great travel and summer shoe. This popular Rothy's style is flexible, has a stylish square toe box and can be tossed in the washing machine when it needs a refresh. It's currently on sale in four colors, including the above pictured black.
Whether you're running errands, working from home or heading to the pickleball courts, this tennis skort will keep you feeling comfortable—but also looking polished. It's on sale in three colors as part of the Nordstrom Anniversary Sale.
There is nothing like quality cozy loungewear. This pajama set from Barefoot Dreams features an ultra-soft boat-neck sweater and matching pants. Available in three colors (Jave, Sand Dune and Faded Brick), this set already has me planning my next movie marathon.
If you need a new suit, consider this option from Canali, a brand with roots tracing back to 1930s Italy. The Siena Suit, in particular, has a navy hue and traditional fit that provides a clean look to take with you to the office or your next formal event.
This soft cotton shirt is perfect for both casual and dressier occasions, thanks to its slim fit, button-up design and framed cuffs and hems. You can style it on its own or layer it with an additional top underneath. It's currently on sale in three neutral colors.
This durable and soft shirt-jacket is a versatile addition to any wardrobe. The wool-blend double-cloth keeps you warm while the interior cotton lining makes it extra cozy. Pair it with jeans or slacks to take you everywhere, from running errands to dinner.
A trench coat is a timeless fashion staple, and this one from Barbour is ideal for rainy weather thanks to its waterproof cotton-polyamide blend. We also love its chic spread collar and belted waist.
Here's the perfect opportunity to hop on the LED face mask train. After rigorously testing nine LED face masks, our beauty team named this SolaWave model the best flexible option. During the Nordstrom Anniversary Sale, it's on sale for the lowest price we've seen yet.
This skincare set includes two full-size products, the Undaria Algae Body Wash and Undaria Algae Body Oil, as well as a travel-size version of the body oil. The two-part routine is designed to support the skin's moisture barrier and leave it feeling silky smooth.
If you're always looking for ways to stay moisturized while traveling, this mini moisturizing cream skincare set includes four luxurious bestsellers from La Mer in travel-sizes: The Treatment Lotion (0.5 ounces), The Renewal Oil Face Oil (0.17 ounces), Crème de la Mer Moisturizing Cream (0.5 ounces) and Rejuvenating Night Cream (0.24 ounces).
A bundled gift set gives you the chance to try out a couple products for less. This Lancôme gift set features a primer and volumizing mascara that work in tandem to lift and lengthen each individual lash, producing a stunning, fanned-out eye look that's free of unwanted clumps.
Estée Lauder is known for its high-quality skincare, and this Gel Eye Cream Duo is specifically formulated to brighten the appearance of dark circles in as little as two weeks, according to the brand. Ideal for all skin types (and discounted by $52), it's worth picking up this set for less.
If you keep hearing about Nécessaire but haven't tried any of its products yet, Nordstrom's current markdowns may be your chance. Reviewers say this fragrance-free lotion is rich and moisturizing but doesn't leave your skin feeling heavy or sticky.
This popular cleansing balm is sort of a three-in-one product. You can use it to remove makeup, as a daily cleanser and as a weekly face mask. The nourishing formula cleans, soothes and moisturizes. Stock up on a jumbo size during Nordstrom's sale.
The popular T3 Curlwrap Curling Iron makes styling your hair a breeze thanks to a two-way AutoTwist switch that literally curls your hair for you. There are nine heat settings and even a timer option to create the perfect curl. Plus, the sleek styling tool looks good, even if it's left out on your countertop.
This 3-in-1 microccurent tool is tested and approved by our editors. The set includes the Trinity+ device, a detailing attachment, and an LED red light option so you can sculpt, smooth, lift and tone your skin from the comfort of home.
Give your hair A-list treatment with this shampoo and conditioner set, complete with both full and travel-size bottles of Gold Lust Repair & Restore formula. The shampoo gently cleanses and balances your scalp, while the conditioner deeply hydrates and nourishes for all-day shine.
Supergoop is our go-to for lightweight, non-greasy sunscreens, and this box set stocks you up on two of the brands most popular products—the Unseen Sunscreen and the Unseen Sunscreen Stick. Both formulas melt effortlessly into the skin, and the stick is particularly useful for reapplying on the go.
If you gravitate towards a specific blade and use it for just about everything, it may be time to diversify your collection. This set from Viking packs in all you could need in one block: a chef's knife, bread knife, carving knife, utility knife, paring knife, six steak knives, sharpening steel and kitchen shears.
From braising to searing, a good cast iron pan is a kitchen workhorse. This option from Viking is 10.5 inches wide with steep sides to cook meat and vegetables alike. Plus, it's currently on sale for $100 less than its usual price.
Welcome the sweet, citrus smells of summer into your home with this candle trio from Lovery. You get three scents—Vanilla Madagascar, Lemon Bergamot and Orange Blossom—each made of soy wax and long-lasting cotton wicks.
Give your bed (and skin) the luxe treatment with this pair of Blissy Mulberry silk pillowcases. The hypoallergenic covers are available in over 20 colors and come in Standard, Queen and King size options.
If you didn't get your Le Creuset mystery box, quite a few pieces are on sale for Nordstrom's Anniversary Sale. This classic Dutch oven is perfect for summer dinner parties and those low-and-slow meals as the weather cools. The pot is gorgeous, durable and versatile, truly a buy-it-for-life kitchen staple.
Barefoot Dreams' CozyChic Rib Throw isn't your average blanket. Its luxuriously soft, cozy texture has gained a significant fanbase, and it comes in four dreamy hues: Terra, Moonwater, Umber and Sable. Right now, you can shop this celebrity-loved throw for 33% off.
Voluspa's candles are high-quality and downright gorgeous. This set of five mini candles comes in elegant tin vessels embossed with the brand's Maison pattern. Scents include Santal Vanille, Baltic Amber, Forbidden Fig, Temple Moss and French Cade Lavender. Place them around your home or give them individually as gifts.
Stokke's high-end highchair excels in style and versatility. It has a cool minimalist aesthetic, comes in several colorways and transitions to accommodate your child as they age. This discount includes a tray and cushions, which are not always bundled in with the chair itself.
This sale is a great time to refresh your kid's winter wardrobe. Keep your little one warm with this puffer jacket from Save The Duck. It's water-resistant and lined to protect them against the elements. Plus, it's machine washable, so you can toss it in with other dirties.
Leaving the house with young kids is like packing for a weekend trip, but the right bag can make a huge difference. This backpack-style diaper bag from Wayb features a plethora of pockets to help you stay organized when you're on the go. Its padded straps also make it comfortable for all-day wear.
Making your own homemade baby food has never been easier thanks to this sleek appliance; it's a steamer, blender, defroster and warmer all-in-one. The container is generously sized to hold over 5 cups, so you can make plenty at once and freeze it for later.
This set is cute but also includes important features for your convenience (and baby's comfort), like 100% cotton materials and an elastic waist. Everything is also machine-washable and can be tossed in the dryer without shrinking.
This highly rated car seat and stroller system is designed to make travel with a baby easier. The stroller has four modes of use and is easily collapsible, while the lightweight car seat has a steel-reinforced pipaFIX rigid latch that makes installation a breeze.
If you're on the hunt for new luggage, take a peek at this 2-piece set from Delsey Paris. Its durable design is super lightweight and strong enough to withstand the rigors of international travel.
Why not complete the set while you're at it? A rolling case is great, but a duffel is perfect for those quick weekend getaways or to add a carry-on companion to your checked luggage. It's also easier to access mid-travel, so it's great for storing things you might need during long flights, like toiletries, entertainment and a change of clothes.
Available in four colorways, this Samsonite set includes a classic roller and a customizable carry case that can be used as a packing cube, worn as a crossbody or strapped to your luggage. The interior of the luggage has several zippered pockets, including a WetPak pocket, and compression straps to help keep you organized.
This Herschel duffel sets itself apart with its exterior shoe compartment, where you can stash shoes or other items you don't want mingling with the rest of your belongings. The entire bag can fit in an overhead bin on a plane and has a removable padded shoulder strap for added comfort.
If you're traveling with kids, the right gear can make or break a long travel day. This ride-on suitcase can be converted to push or pull, or your kid can take a seat and cruise through the airport. Once you're on the plane, the carry-on can also transform into a bed with a mattress and side panels to create a cozy sleep setup.
These chic oval sunglasses are an early 2000s callback. They're sleek, minimalist and offer 100% UV protection. They're also compatible with prescriptions, if needed.
These leather charms are a fun way to add a little extra personal touch to your bag, keys or wallet (and to safely stash an Apple AirTag). They're made of leftover cuts of the brand's sustainable DriTan leather and include nice details like polished brass hardware. Choose from 11 fruits, including tomato, strawberry and the pear shown above. A peach and an orange are also sale on a separate page.
Offering a 0.06-ctw lab diamond on an 18k gold chain, this delicate necklace is a perfect understated piece for everyday wear. It can standalone as a pendant or be layered with your other favorites to create a stackable look.
A classic tote is a purse staple. This gorgeous Coach bag is made of pebbled leather with clean lines and a small gold brand emblem that gives the bag its sleek and minimalist aesthetic. It also has a magnetic-snap closure and a zippered internal pocket to keep your essentials safe.
Smartwatches are incredibly useful, but they're not always the most aesthetic piece in your wardrobe. These Posh Tech watchbands let you change up your style to match the occasion. This set includes a leather band, a polished stainless steal band and an athletic nylon option.
The Forbes Vetted deals team has over 15 years of combined experience covering major sale events, including Nordstrom's Anniversary Sale. We're committed to serving readers the best discounts on top-performing products in all categories. We do our research to ensure that every deal we recommend is a rare price drop or all-time low. Forbes Vetted's assistant deals editor Jordan Thomas originally wrote this story and selected the majority of deals included. She has over five years of experience covering the best sales and deals across the internet. She has been a member of the Forbes Vetted deals team for three years. Prior to that, she worked as a deals writer for Wirecutter .
originally wrote this story and selected the majority of deals included. She has over five years of experience covering the best sales and deals across the internet. She has been a member of the Forbes Vetted deals team for three years. Prior to that, she worked as a deals writer for . Deals and coupons writer Bianca Alvarez co-authored this story. She has over two years of reporting experience in the commerce space. She monitors sales across all shopping categories and frequently shares them with our readers.
Supervising deals and coupons editor Kara Cuzzone , originally edited this article. With over seven years of experience working on deals content, she now leads the Forbes Vetted deals team—a role she's held for four years now.
, originally edited this article. With over seven years of experience working on deals content, she now leads the Forbes Vetted deals team—a role she's held for four years now. Deals editor Maya Gandara has been routinely co-editing and updating this story. She has over six years of experience working on e-commerce editorial content, and is an expert in finding the best deals across countless retailers.
During Nordstrom's Anniversary Sale, we are continuously updating this page to ensure the deals we share are up-to-date and accurate. We are also adding new deals to this story with each update, focusing on rare markdowns from reputable brands.
What Is The Nordstrom Anniversary Sale?
The Nordstrom Anniversary Sale is the department store's biggest sale of the year. The annual event features thousands of deals across just about every category, from fashion staples to skincare to baby gear. It's typically a good opportunity to stock up on designer finds and seasonal must-haves for less.
What Is The Difference Between The Nordstrom Half-Yearly Sale And The Anniversary Sale?
Nordstrom's Half-Yearly Sale is a smaller bi-annual event that typically occurs once in the spring and once in the fall. Its Anniversary Sale takes place once a year over the summer and is known for major price cuts across all categories. Both sales always have notable offers, but the Anniversary Sale typically includes steeper discounts on more coveted items, as well as deals on fall and winter styles.
Can I Shop The Nordstrom Anniversary Sale Early?
Nordstrom cardholders always get early access to the sale. Each membership tier, determined by how much you've spent at the department store over the past year, is allotted an early shopping window leading up to the sale. Icons (cardholders who've spent $15,000 or more in the past year) were able to start shopping July 8; Ambassadors (cardholders who've spent $5,000 or more in the past year) started July 9; and Influencers (cardholders who've spent $500 or more in the past year) were given access July 10. The sale officially opened to the public on July 12 and will be live through Aug. 3.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
3 hours ago
- Yahoo
Trump Mulls 'Little Rebate' For Americans Funded By Tariff Revenue — But Here's The 'Big Thing' He Wants To Do First
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. President Donald Trump is mulling over the idea of issuing rebate checks to Americans, funded by the new tariff revenue collected by his administration. What Happened: Trump, before his departure for Scotland, stated that a 'lot of money' is coming in through tariffs. He hinted at the possibility of issuing rebate checks to Americans when asked on the same by reporters. 'We're thinking about a little rebate. But the big thing we want to do is pay down debt. But we're thinking about a rebate,' Trump stated. The rebate could be aimed at 'people of a certain income level,' though the specific income threshold is yet to be determined, reported Forbes. Trending: 7,000+ investors have joined Timeplast's mission to eliminate microplastics—The federal debt has surpassed $36 trillion and is expected to grow further following the enactment of a new tax cuts and spending bill signed into law on July 4. Economists and policy institutes project that the One 'Big, Beautiful Bill Act' could add $3.4 trillion to the national deficit over the next ten years. The U.S. Treasury Department announced that customs duty collections have exceeded $100 billion in a single fiscal year for the first time. Treasury Secretary Scott Bessent told Fox Business that this figure could potentially grow to $300 billion It Matters: Trump's consideration of rebate checks funded by tariff revenue comes amid a period of significant economic activity. Despite initial concerns, Trump's aggressive tariff policy has attracted a flood of foreign inflows, with investors buying American securities at a record-setting pace. This move, coupled with the potential for tariff-funded rebate checks, could have a substantial impact on the U.S. economy and the financial well-being of its citizens. Notably, Trump idea of a rebate to Americans is not new. Earlier in the year, Trump had proposed a 20% 'DOGE Dividend' Tax Refund Plan, which would return a portion of the savings from his administration's Department of Government Efficiency initiatives to American citizens. This move was also aimed at reducing the federal debt. During the pandemic, Americans received three relief checks, two under Trump and one under Biden, to ease economic strain. While such rebates usually require Congressional approval via tax legislation, the recent tax and spending bill signed by Trump on July 4 includes new tax breaks but no tariff-based rebate provision. Read Next: $100k+ in investable assets? Match with a fiduciary advisor for free to learn how you can maximize your retirement and save on taxes – no cost, no obligation. Arrived Home's Private Credit Fund's has historically paid an annualized dividend yield of 8.1%*, which provides access to a pool of short-term loans backed by residential real estate with just a $100 minimum. Image via Shutterstock This article Trump Mulls 'Little Rebate' For Americans Funded By Tariff Revenue — But Here's The 'Big Thing' He Wants To Do First originally appeared on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
3 hours ago
- Forbes
Not Just Scotland: Trump Has Made Dozens Of Visits To His Businesses
S tationed in Scotland for the last several days, Donald Trump camped out in the sorts of destinations he likes best—his own businesses. He examined Trump Turnberry's grounds alongside the U.S. ambassador, touted its ballroom in front of the European Commission's president and, on Tuesday morning, unveiled a second golf course at his property in Aberdeenshire with his sons Eric and Don Jr. No modern president has blended private business and public duties quite like Trump. Having sold his Washington, D.C. hotel in 2022, the president returned to office with no property in the nation's capital. That has not stopped him from personally tending to his assets. He went to one of his clubs 16 of his first 17 weekends, and he has now spent time at his businesses on 75 of his first 190 days back in office, according to a Forbes analysis, traveling to Florida, New Jersey, Virginia, Nevada and, of course, Scotland. Below, Forbes tracks the trips, circling each day that Trump visited one of his properties. Days after taking office on Jan. 20, Trump headed to Las Vegas, staying in his hotel just off the strip. He delivered a speech about his no-tax-on-tips plan, then flew to Miami to welcome Republican representatives to a conference at Trump National Doral. 'The golden age of America has officially begun,' he told them. The president returned to D.C. after a couple of days in Florida, then headed back south the next weekend to visit Mar-a-Lago. The site of an FBI raid during his time out of office, Mar-a-Lago quickly became the president's go-to getaway after he returned to power. The case against Trump, who stored secret documents at his club, collapsed after the 2024 election, when Special Counsel Jack Smith concluded he could not prosecute the soon-to-be president. On the final day of February, Trump trumpeted the return of some materials the FBI had taken from him. 'They are being brought down to Florida and will someday be part of the Trump Presidential Library,' the president posted on his social-media platform. 'Justice finally won out.' Since returning to office, Trump has spent time at Mar-a-Lago on 35 days, including 12 in February, according to Forbes ' analysis. The president went to one of his clubs on 16 of his first 17 weekends in office, including every weekend in March. He had plenty to do there, such as host fundraisers, despite being constitutionally barred from winning a third term. On Saturday, March 1, Trump held a candlelight dinner at Mar-a-Lago for MAGA Inc., a political action committee established two days after his 2024 victory. Between his many visits to Florida, Trump spent a day at his golf club in Bedminster, New Jersey, stopping by the Division I NCAA wrestling championship in Philadelphia on his way back to the White House. Trump made market-rattling news at the beginning of April, promising to impose worldwide tariffs. With the S&P 500 down 5% the day after the announcement, the president flew from Washington, D.C. to Florida, again. This time it was to make an appearance ahead of a tournament at Doral for the Saudi-backed LIV Golf. According to a White House digest, the president attended a 'LIV Golf dinner' that evening, before heading to Mar-a-Lago for the weekend. Asked about Trump's trips, White House assistant press secretary Taylor Rogers pointed to the president's record. 'Trump has delivered on more promises in just six months of his presidency than most presidents do in an entire term,' Rogers said. In mid-May, the president left the United States for a three-country tour through the Middle East. His business probably didn't fade too far from his mind. The president first stopped in Saudi Arabia, where he recently secured deals to license his name on three properties. Next, he headed to Qatar, home to another new project. Finally, he went to the United Arab Emirates, where Trump already has two deals—and may soon add a third in Abu Dhabi. He returned stateside on the 16th and spent many of May's remaining days at his clubs in Virginia and New Jersey. During the summer months, Trump shies away from the Florida heat. That just means more time at his golf clubs in New Jersey and Virginia, the latter of which provides a convenient place for schmoozing fellow politicians. On June 28, with Congress nearing a vote on the Big Beautiful Bill, Trump took three senators—Lindsey Graham, Eric Schmitt and Rand Paul—out to play golf at his course. Paul, known for his independent thinking, voted against the bill anyway. The outing marked one of Trump's three days at the course in June; the president spent time at his club in New Jersey another four days, according to the analysis. Trump has long had a domineering attitude toward Europe, so it was little surprise when, on his recent trip there, he encouraged other leaders to come to him—specifically, to his golf resort at Trump Turnberry. They obliged, with a visit from European Commission President Ursula van der Leyen, who met with the president in a ballroom he named after himself. 'We just built this ballroom,' Trump noted in front of the TV cameras. 'It's been quite the success.' British Prime Minister Keir Starmer arrived the next day, prompting Trump to gush over windows in the facility. 'They're magnificent,' the president said. 'You have really great local tradesmen here.' Forbes 'We'd Call That Corruption': How Trump Used The Presidency To Expand His Global Empire By Dan Alexander Forbes After Years Of Lying, Trump Organization Tries To Figure Out How Big Its Properties Actually Are By Dan Alexander Forbes Trump Company Reduces Stake In Crypto Venture By Dan Alexander Forbes How Barron Trump May Have Earned $40 Million From His Dad's Crypto Venture By Kyle Khan-Mullins Forbes Crypto Now Accounts For Most Of Donald Trump's Net Worth By Dan Alexander
Yahoo
3 hours ago
- Yahoo
Provincial deficits to narrow in coming years despite trade war: report
OTTAWA — Under pressure from the U.S. trade war and a slowing economy, Canada's provinces are all expected to run fiscal deficits this year — but a Conference Board of Canada report predicts those deficits will narrow in the coming years. The report released Tuesday paints a picture of provinces struggling to balance their books. Not long after emerging from a pandemic that caused deficits to balloon, Canada's provinces are now staring down the barrel of a trade war. Most provinces have put up contingency funds in this year's budgets to support workers and critical industries through the tariff dispute. Many are also aligning with the federal government to push forward major infrastructure projects in the coming years, putting pressure on capital spending. Just as provinces are drawing down their coffers, they're also bracing for a hit to the economy. "When we see a slowdown in economic activity, that leads to less job creation, less spending, less incomes and less corporate profits," said Richard Forbes, principal economist at the Conference Board. "And these are … major drivers of provincial revenues." Also hampering provincial revenues is a slowdown in population growth as Ottawa tamps down on the flow of immigration. Many provinces are also facing demographic woes due to an aging population and baby boomers exiting the workforce — another drag on income tax revenue. A growing number of retirees also drives up demand for health-care spending. Forbes said that with the federal government's new immigration caps, population growth is likely to hit a wall in the coming years. That would limit any relief newcomers offer the labour market as older Canadians exit the workforce. The Conference Board report cites the example of Newfoundland and Labrador, which it says is expected to see its population shrink by 10,000 over the next five years. Quebec and most of the Maritimes are also expected to feel the "sting" of an aging population, the report said. Prince Edward Island, meanwhile, is experiencing the strongest population growth of any province in recent years. A 25-per cent increase in population over 10 years has helped to lower P.E.I.'s median age by 2.6 years, the report said. The Conference Board's forecast assumes the economy contracted in the second quarter of the year as tariffs and uncertainty sank manufacturing activity. The think tank predicts a modest return to growth through the rest of the year. At the tail end of the provinces' planning horizons, the Conference Board report sees governments reining in spending, which is expected to narrow those deficits by the end of the decade. The federal government has announced plans to balance the operating side of its budget over the next three years. Forbes said he expects to see similar trimming by the provinces in areas such as public administration. "Speaking broadly, of course, we are seeing provinces showing more prudence when it comes to their spending plans over the last couple of years," he said. Some provinces, including Saskatchewan and Alberta, are forecast to return to annual budget surpluses before 2030. The Conference Board says Canada's Prairie provinces are in relatively secure fiscal positions, thanks in part to younger demographics and some insulation from tariffs. Provinces like Alberta, Saskatchewan and Newfoundland and Labrador are expected to pivot their economies towards renewable energy in the years ahead, but Forbes noted that prospects for the oil and gas sector will continue to weigh heavily on the fiscal outlooks in those provinces. Ontario is also expected to see a balanced budget by the end of the decade. The Conference Board says accelerated infrastructure spending will drive up debt in the short term but planned moderation in health care and education expenditures will support deficit elimination. Quebec is in a "difficult position," the report says, with the province particularly penned in by weak demographic momentum, heightened economic uncertainty and growing demand for health-care and education spending. But the Conference Board says Quebec can find its way back to a modest surplus by 2029 if the province can deliver on spending restraint. British Columbia also faces a steep deficit, the Conference Board says, but a slowdown in spending and rising natural gas royalties are expected to help it climb out of that fiscal hole in the coming years. The federal government's infrastructure agenda could also be a boon for the province, the report notes. While New Brunswick is praised in the report for its displays of fiscal restraint in recent years, the Conference Board points to an aging population and the forestry industry's tariff exposure as serious revenue challenges. Nova Scotia is also expected to face challenges tied to a slowing economy, particularly as a lack of private sector investment and housing activity weigh on growth. Forbes said that while the Conference Board's forecast assumes trade uncertainty will diminish next year, the provinces' fiscal pictures could deteriorate further if Canada's tariff dispute with the United States persists. Part of the value of the Conference Board's exercise is that it puts all provincial budget plans through a uniform scenario, he said — unlike the various hypotheticals that underpin each individual province's spending plan. This report by The Canadian Press was first published July 29, 2025. Craig Lord, The Canadian Press
