Budget 2026: What happened to restraint?

Kevin Lynch/The Globe and Mail: The IMF warned finance ministers at its annual meetings in October that the resilience of the global economy is reaching its limits, and countries should take measures to restore fiscal buffers by making fiscal consolidation – not expansion – the order of the day. Despite having an unexpected bounty of higher tax revenues due to oil prices and inflation, Budget 2026 did not take the opportunity to do so. Canadians had better hope that the budget’s two big bets pay off…