In the months before the federal budget was released, scores of meetings were recorded between fossil fuel industry representatives and the federal government. With a key ask from climate advocates ignored, who is Finance Canada listening to?
The parliamentary budget officer is projecting inflation will return to the Bank of Canada's two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.
In his latest economic and fiscal outlook, budget watchdog Yves Giroux says he expects the Bank of Canada to raise its key interest rate to four per cent by the end of the year, a move which is in line with financial markets' expectations.
Secret reports the federal government is relying on to argue the Trans Mountain pipeline expansion is commercially viable are based on the unrealistic assumption the pipeline will operate for 100 years, Canada’s financial watchdog told Canada’s National Observer.
The clock is ticking for the government to deliver on its ambitious promise to the New Democrats to deliver a dental care program for low- and middle-income uninsured kids by the end of the year, while cost estimates have nearly doubled.
The parliamentary budget officer says the federal government would need to spend an additional $75.3 billion on defence over the next five years for Canada to reach NATO’s target of two per cent of GDP.
Canada’s financial watchdog says the federal government is “very unlikely” to recoup its $4.5-billion investment in the Trans Mountain pipeline now that the project’s costs have soared by 70 per cent.