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

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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.

VR Score

78

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76

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62

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semi-formal

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English

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51

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not offensive

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not hateful

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not detected

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not detected

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short-lived

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16

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