Current fiscal outlook has not put us on a precipice yet, but a rush to balance the budget is not the answer

Canada faces enormous challenges and disruptive change in transitioning to an economy that can thrive in a world of sweeping change in technologies, markets and sustainability. Responding to these challenges has to be the focus of the next budget.

The September Economic and Fiscal Outlook Report from Jason Jaques, pictured, the interim parliamentary budget officer, with its dire warning of unsustainable federal spending, deficits, and debt, should not be treated lightly. But it should not be taken as a call for an austerity budget next month, writes David Crane. The Hill Times photograph by Andrew Meade

Opinion

BY DAVID CRANE

October 6, 2025

TORONTO—The September Economic and Fiscal Outlook Report from Jason Jaques, the interim parliamentary ...

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