3 d. ago Budget watchdog reports sharp improvement in home affordability _ but not everywhere

OTTAWA — As Parliamentarians spar over how to make housing more affordable, Ottawa’s fiscal watchdog is reporting significant progress in closing that affordability gap nationally — but the picture looks very different across the country. Interim Parliamentary Budget Officer Jason Jacques put out an updated housing report Thursday. The report gauges affordability based on the […]

Other

1 week ago Ottawa budget watchdog projects $68.5 billion deficit this year as economy slows

PBO projects federal debt to hit $1.65 trillion by 2031 as spending climbs and trade uncertainty slows economic recovery

Economics

1 week ago Budget watchdog forecasts sharp rise in deficit to $68.5B this year

OTTAWA — The parliamentary budget officer says he expects the upcoming fall budget will reveal a sharp increase in Ottawa’s annual deficit to $68.5 billion this year, up from $51.7 billion last year. Interim PBO Jason Jacques also says in a new report that federal debt-to-GDP is no longer on a declining path over the […]

Economics

2 w. ago ‘You could fire him for telling the truth’: Poilievre calls for interim budget watchdog to be appointed to full term

The Liberals will table the federal budget on Nov. 4. and Carney has told Canadians to expect a 'substantial' deficit

Events

2 w. ago Interim PBO warns of 'big legislative gap' in selecting temporary budget watchdog

Jason Jacques voiced concerns about the possibility of executive overreach in such decisions.

Other

2 w. ago Ontario deficit to explode next year, budget watchdog projects

Ontario's Financial Accountability Officer said falling revenue combined with slower economic growth is expected to 'significantly increase' the province's deficit.

Other

2 w. ago Ontario not on track to balance budget, watchdog says; government disputes assertion

Ontario’s financial watchdog is projecting that the government won’t balance the budget by 2027-28, though the finance minister’s office insists it will. The financial accountability officer says in a report today that Ontario likely won’t come to balance until at least 2030. Jeffrey Novak says real GDP growth in the province is projected to slow […]

Politics

2 w. ago Parliamentary budget watchdog slashing its own spending by 5 per cent

Jason Jacques, the interim PBO, is making the budget reduction despite being exempt from the government's spending review.

Other

2 w. ago Ottawa’s budget watchdog doesn’t know if government has fiscal anchors

'The deficit will absolutely be higher,' interim PBO Jason Jacques says

Politics