Russia-Ukraine ‘war-supply shock’ could erode Canada’s positive financial situation, warns former PBO
With many Liberal election promises excluded from the budget, Canada’s declining debt-to-GDP ratio could erode if they’re added later, says Parliamentary Budget Officer Yves Giroux.
“Today, Canada has come roaring back,” federal Finance Minister Chrystia Freeland declared in the House of Commons on April 7, echoing a familiar promise Prime Minister Justin Trudeau used throughout the pandemic.
Canada’s deficit is projected to drop to $52.8-billion this year, down slightly...
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