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.

The Liberals had originally pegged the cost of modifying Employment Insurance at $7 billion.

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.

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.

The Parliamentary Budget Officer's report underlines need for spending to be temporary.

If Liberals don't rein in spending, they must either raise taxes or cut services, warns the budget watchdog.

The spending watchdog's review of a decade of federal payments to provinces showed that federal coffers have saved $14.5 billion over that time.

Canada's economic deficit could be "manageable" without a dramatic increase in taxes, the country's Parliamentary Budget Officer says.

Crown corporations such as the Canada Mortgage and Housing Corp. and Business Development Bank of Canada will collectively lose $12 billion this fiscal year, the parliamentary budget officer says.

The report this morning from budget officer Yves Giroux says that would bring the total cost of the benefit program to $71.3 billion.