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Federal spending more to blame for bleak outlook than U.S. tariffs: PBO

The Parliamentary Budget Officer says Canada’s “on the path to being in trouble” if the Carney government doesn’t rein in its exorbitant spending.”

Quinn Patrick
Sep 29, 2025
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The Parliamentary Budget Officer says Canada’s “on the path to being in trouble” if the Carney government doesn’t rein in its exorbitant spending.” Recent figures from the PBO’s office project an increased deficit of up to $68.5 billion by year-end.

“We’re on the path to being in trouble. That’s what our five-year forecast, the numbers th…

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