US EditionANALYSIS | The Federal Budget Can Do What the Bank of Canada Cannot
The Bank of Canada has cut rates but signals fiscal policy with spending and tax cuts is needed to address low growth, rising unemployment, and tariff impacts.
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5 Articles
The Alberta government wants to see actions in the budget to support the energy sector.
Are We Really About to Trigger an Election over This Budget?
It’s raining in Ottawa as I write this, and it’s cold. It’s not a great time to play chicken with the future of the country, but here we are. The budget is tomorrow, and rumblings in the press suggest the government could fall over it. The opposition parties are weighing their options. Everybody is making demands, but there’s no ideal world, no theodicy, in which all the pressures and tensions and inconsistencies may be resolved—lower and higher…
ANALYSIS | The federal budget can do what the Bank of Canada cannot
Canada's economy is suffering. The Bank of Canada says interest rate cuts can only do so much. So it's passed the baton to the federal government. This week's budget can do what the central bank cannot: restructure how the Canadian economy grows.
The economic strategy to be presented in the first Carney budget should be accompanied by a significant deficit.
Rising government spending combined with slower revenue growth creates a worrying financial picture
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