Parliamentary Budget Officer

• 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
  
• Multigenerational home renovation tax credit to cost $44M, PBO says. Here’s how it works

  The tax credit allows families to claim 15 per cent of up to $50,000 in renovation costs to create a multigenerational home, but not all secondary units are eligible.

  Canada

  Jan 11
  
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• Climate change could hit Canada’s GDP by 6% over long term, new report warns

  A report by the Parliamentary Budget Officer projects that continuing changes to weather patterns from emissions could cut Canada’s real GDP by 5.8 per cent by 2100.

  Canada

  Nov 8, 2022
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• 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
• Trans Mountain pipeline to result in net loss for Ottawa: PBO

  Part of the reason why the value of Trans Mountain is declining as the project costs soar is due to the way oil companies pay for the use of the pipeline.

  Canada

  Jun 22, 2022
• Budget officer finds $1B oil and gas orphan well liability by 2025; critics claim underestimate

  In a report released Tuesday morning, parliamentary budget officer Yves Giroux says the price tag will reach more than $1 billion by 2025.

  Canada

  Jan 25, 2022
• Roy Green: What concerns the parliamentary budget officer should concern us all

  Yves Giroux, Canada's parliamentary budget officer, tells Roy Green how his office remains unaware if the Trudeau government has any plans to tackle the deficit.

  Blogs

  Nov 20, 2020
• PBO calls out feds for not providing information on billions in planned spending

  The first says the Liberals have not provided detailed information on their recent request to Parliament for $79 billion in additional spending authorities, most of which the government says is for COVID-19 relief.

  Canada

  Nov 4, 2020
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• Federal carbon tax needs to increase for Canada to meet climate goals: PBO

  The carbon tax is already set to rise to $50 per tonne of emissions by 2022 and the Liberals have not said what the path for the levy might be after that.

  Canada

  Oct 8, 2020
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• Budget officer seeks more transparency on $422B in loans distributed by Crown corporations

  Four Crown corporations account for roughly $236 billion in loans or deferrals handed out since the start of the pandemic to make it easier for businesses to manage costs.

  Canada

  Oct 2, 2020