Canada Budget Watchdog Urges Update

This is a Canada news story, published by torontosun, that relates primarily to Mark Carney news.

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fiscal update

torontosun

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Business

Business & Economics

Parliamentary budget officer urges Carney to show numbers as spending rises

Summary

Nutrition label

82% Informative

Prime Minister Mark Carney promises to spend billions on infrastructure, military equipment, housing and transportation.

But the prime minister has put off the federal budget until October , citing the trade war and the shortened spring sitting of Parliament because of an election.

Carney ’s government is betting that planned investments will increase the longer-term growth rate of the economy.

Canada is ranked AAA from S&P Global Ratings and Moody’s Ratings .

Fitch, which rates the country AA+, has warned that structural deficits may add pressure to the country’S&P rating.

Canada 's budget delay “is defensible from the perspective that the outcome of trade negotiations will have a huge impact on revenues and expenses,” a Bank of Montreal strategist says.

VR Score

Informative language

Neutral language

Article tone

formal

Language

English

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not offensive

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not hateful