Canada's Fall Fiscal Update Delayed

This is a news story, published by financialpost, that relates primarily to Rebekah Young news.

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federal fiscal update

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Business

Business & Economics

Posthaste: Scotiabank economist issues warnings for Canada's tardy fiscal update

Summary

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73% Informative

Bank of Nova Scotia economist Rebekah Young suggests Canadians might have to wait until after Christmas for a national update.

Young: More spending is clearly in the offing, but rumours are swirling that there won’t be a fiscal update at all.

She said the Liberals may add $15 billion in net new spending in the fiscal update while “mostly” adhering to the fiscal guardrails it erected in the spring budget.

Markets are betting on a quarter -point cut to the Bank of Canada’s policy rate next week , writes MortgageLogic.news strategist Robert McLister .

The bad news is the leading variable rate discounts from prime are shrinking.

Good debt can boost investment wealth, but beware its bad twin.

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semi-formal

Language

English

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Offensive language