Free Trial
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
CANADA
- Yesterday’s Budget revealed deficits now projected across the forecast horizon in a change from the small surplus projected for 27/28, now narrowing only to 0.4% GDP in FY 27/28 from a little changed 1.4% GDP projected for the upcoming 23/24.
- The trend deterioration in public finances came from a combination of adverse economic developments and sizeable, but not unexpectedly so, new policy actions.
- However, of some consolation for the BoC, the majority of the larger of these new policy actions come later in the forecast horizon, something Mostafa Askari, a former senior finance department official, sees as not adding inflationary risks (MNI Interview here)
- One of the more surprising aspects from a macro perspective was a projected increase in net debt for FY 23/24 from 42.4 to 43.5% GDP, although FM Freeland was keen to point out that the fiscal anchor of declining debt over the medium-term remains intact.
- Net debt is projected to remain at the bottom of the G7 range.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok