The budget forecasts a net debt of $20.8 billion by the end of the 2026-27 fiscal year
That's more than double the $184M deficit the government tabled last spring
The central bank underestimated how persistent inflation would be after the pandemic, senior official acknowledges
The province is delaying a surplus for the third year in a row
The budget forecasts a deficit of $498M on total spending of $27.3B
Before the war, it was largely expected that the central bank would cut rates
The province is not raising taxes or cutting services as part of the budget
Province’s GDP expected to grow by 1.1% in 2026, if U.S. tariffs on Canadian goods are stable
The central bank held its policy interest rate at 2.25% on Wednesday
It’s too soon to say what impact the Iran war will have on Canada’s economy: Macklem