PBO

• Canada needs another 1.3M homes by 2030 to solve supply and demand gap: PBO

  The Parliamentary Budget Officer said in a report released Thursday that it will take building a total of about 3.1 million homes to solve Canada's housing gap.

  Canada

  Apr 11
  
• Heat pump program costs are on track but could jump to $2.7B: PBO

  The Parliamentary Budget Officer estimates Ottawa's heating oil to heat pump program could cost $797 million after the government allocated $500 million to the enhanced version.

  Canada

  Jan 18
  
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• Pharmacare would cost billions more a year, but lead to economic savings: PBO

  The PBO released a report on Thursday that provides an estimate for the cost of a pharmacare program between 2024-25 and 2027-28.

  Canada

  Oct 12, 2023
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• Volkswagen, Stellantis subsidies will take 20 years to break even: watchdog

  An analysis from the Parliamentary Budget Officer finds it will take the federal and Ontario governments two decades to break even on EV-battery manufacturing subsidies.

  Canada

  Sep 12, 2023
• Volkswagen plant will cost $16.3B with ‘marginal’ benefits: PBO

  The parliamentary budget officer said the total cost to the federal government of building Volkswagen’s first overseas plant is higher than what Ottawa had announced.

  Canada

  Jun 14, 2023
• PBO expects Bank of Canada done hiking rates, forecasts economic growth of 1% in 2023

  The PBO also predicts the Bank of Canada will keep its key interest rate target on hold at 4.5 per cent for the rest of 2023 before starting to cut in 2024.

  Economy

  Mar 2, 2023
• Canada’s economy will ‘slow considerably’ in 2nd half of 2022, budget officer says

  As inflation slows and heads toward the central bank's target of two per cent, the PBO expects the Bank of Canada to begin lowering interest rates toward the end of next year.

  Economy

  Oct 13, 2022
• PBO says it was asked to cost platforms outside election campaign 

  Since 2019, political parties have been able to ask the budget office to review the costing of their campaign promises 120 days before a fixed election date.

  Politics

  Nov 25, 2021
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• No plans to change warships despite PBO’s warning about cost: top official

  Crosby suggested switching things up now to save money would only lead to delays and undercut the Navy's ability to protect Canada.

  Canada

  Apr 4, 2021
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• Canada Infrastructure Bank failing to secure private investment, PBO says

  The Canada Infrastructure Bank has committed just over $4 billion for projects, but none involve funding from private investors.

  Canada

  Mar 23, 2021