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Tuesday, December 3, 2024
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Shifts in interest rates or inflation could ‘totally change the picture’ on fiscal sustainability, says PBO

'Even though there is fiscal flexibility, it doesn't mean that governments have to use it,' says Parliamentary Budget Officer Yves Giroux.

Last month, the Parliamentary Budget Office released its 2023 fiscal sustainability report. Parliamentary Budget Officer Yves Giroux told The Hill Times that some of the key assumptions in the report are that inflation will return to about 2 per cent, and interest rates will return to a neutral monetary policy over the long term. The Hill Times photograph by Sam Garcia
News
BY IAN CAMPBELL
August 28, 2023
News | BY IAN CAMPBELL | August 28, 2023

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Immigration Minister Marc Miller. The Canadian Centre for Human Rights survey found a majority of respondents believed refugee applicants and asylum seekers received too many benefits that would be better used for Canadians, while 44 per cent believed immigrants to Canada make the country better. The Hill Times photograph by Andrew Meade

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Following a June 7 interest rate hike from the Bank of Canada, Finance Minister Chrystia Freeland reinforced her government's message that Canada remains in a strong fiscal position, and that inflation is expected to drop before the end of the year. The Hill Times photograph by Andrew Meade

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Prime Minister Justin Trudeau, and Finance Minister Chrystia Freeland, pictured on the Hill on budget day, April 7, 2022. The Hill Times photograph by Sam Garcia

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