Fiscal Challenges in Ottawa's Budget

Parliamentary Budget Officer published fiscal outlook on Sept 24, 2025.
Ottawa's deficit forecasted to rise to $68.5 billion due to trade war with US.
Report includes $115.1 billion in new spending since December 2024.
Debt-to-GDP ratio no longer declining, per interim PBO Jason Jacques.
November 4 budget may reveal further fiscal challenges.
Medium-term fiscal pressures persist despite spending adjustments.

Economy | Debt | Fiscal Policy

United States | Canada

Jason Jacques

1 month ago