4 d. ago GOLDSTEIN: Liberal debt goes from ‘fiscal anchors’ to ‘anchors away’

Interim parliamentary budget officer Jason Jacques has called state of federal finances 'shocking'

Economics

7 d. ago LGBTQ+, women groups brace for funding cuts as Ottawa looks to trim spending

OTTAWA — LGBTQ+ and women’s groups say they’re bracing for funding cuts in November’s budget. The federal minister overseeing Ottawa’s gender policy has urged activists to speak out, and LGBTQ+ and women’s organizations are staging an advocacy push this month on Parliament Hill. “We’re on alert,” Canadian Women’s Foundation president Mitzie Hunter told The Canadian […]

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

1 week ago Stop billing taxpayers for Governor General’s clothes, watchdog urges

Despite earning $378K salary, Canada's vice-regal receives a $130,000 clothing allowance

Politics

1 week ago MPs set to push Champagne to clarify budget timing at finance committee

OTTAWA — Finance Minster Francois-Philippe Champagne will appear in front of the House of Commons’ finance committee in two weeks as MPs seek clarity on the budget cycle. Ottawa’s spending plans are traditionally tabled in the spring; Champagne is set to table the Liberals’ annual budget on Nov. 4. Bloc Quebecois MP Jean-Denis Garon tabled […]

Other

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 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

2 w. ago Ottawa présentera son budget le 4 novembre, plus tard que prévu

Le gouvernement Carney présentera son premier budget le 4 novembre prochain, a annoncé le ministre des Finances.

Other

3 w. ago Ottawa city council passes contentious 2026 budget directions

The budget directions, first unveiled in August, pitched a property tax hike of around 3.75 per cent and an increase in transit fares of between 2.5 per cent and 7.5 per cent.

Other

3 w. ago Labor Department watchdog to audit jobs and inflation reports from embattled BLS

WASHINGTON (AP) — A government watchdog says it will review how a Labor Department agency compiles and reports some of the nation’s highest profile economic data, just two days after the agency made a sharp downward revision in its estimate of the number of jobs. A spokesperson for the department’s Office of the Inspector General […]

Economics