The PBO projects the Bank of Canada will increase its rate to 1% by the end of 2022, and it will then gradually increase until it reaches the \u0027neutral rate\u0027 of…
In its economic update, the government stressed that debt levels would remain historically low as a proportion of the GDP despite “extraordinary spending due to the pandemic”.Article content
Giroux’s office also provided what could be considered relatively hopeful news for the economy, if it wasn’t for the fact that Russia invaded Ukraine a few days ago. The deficits forecasted by the PBO are also slightly more optimistic than in the short and medium term, with $139.8 billion expected in 2021-2022 and $47.9 billion in 2022-2023. The economic update expected deficits to be $144.5 billion and $58.4 billion, respectively.Article content
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