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 latest analysis by the Parliamentary Budget Officer, released Wednesday, shows the net present value of the pipeline is negative $600 million, leaving it worth about $1.2 billion less than the PBO's estimate in December 2020.
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.
Finance Canada has helped Trans Mountain secure $10 billion in new financing to complete construction of the controversial pipeline by promising investors that if the Crown corporation can’t pay back the loans, the public will.
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.
Canada’s richest families hold nearly 25 per cent of the country’s wealth while the bottom 40 per cent of Canadians own just over one per cent, according to a new report from the Parliamentary Budget Office released Thursday.
A report from the Parliamentary Budget Officer finds Ottawa’s tax breaks to the fossil fuel sector are leaving nearly $2 billion on the table each year in lost revenue.
The fifth and final week of the federal election campaign kicked off on Sunday, September 12, 2021, with the Liberals and New Democrats each questioning whether their opponent's plan to pay for the billions of campaign spending promises was based in reality.
Canada’s top financial watchdog is questioning the feasibility of fulfilling the Liberals’ major campaign promise to plant two billion trees by 2030 in pursuit of achieving net-zero greenhouse gas emissions by 2050.
