The Hill Times: “Disciplined management of operating spending is creating more room for the capital investments that can expand Canada’s productive capacity. Together with Canada’s trade pivot, these investments will support stronger productivity and higher wages over the long term,” the document says.
The Parliamentary Budget Officer, however, has rebuked the government’s fiscal forecast, and ahead of the budget projected higher deficits and debt levels than what Ottawa estimated in the spring. At that point, the PBO forecast the deficit to balloon to $70.2-billion in 2027-28, up from the $63.1-billion projected in the government’s April update. The 2026 budget, meanwhile, pegs the deficit at $62.5-billion for that fiscal year…