Skip to main content
Budget Analysis

Fall Economic Statement 2024: Canada boosts investment appeal and the deficit deepens

December 16, 2024

Lower revenues and new spending measures have resulted in deeper deficits over the course of the fiscal plan—including a whopping $22 billion downward revision to the 2023-24 bottom line to $61.9 billion.

Smart money: Focused fiscal policy needed more than ever

December 3, 2024

Much has changed since the spring of Budget 2024. The feds’ lower immigration targets will hamper the growth engine the Canadian economy.

Federal Budget 2024: Lack of spending restraint offset by revenue surprise and tax hikes

April 16, 2024

Budget 2024 showed a slightly worse bottom line throughout the federal government’s fiscal plan compared to previous estimates but kept...

Fall Economic Statement 2023: Federal government backloads new spending, maintains near-term bottom line

November 21, 2023

The federal government announces $20.8 billion in net new policy action over 6 years since Budget 2023 – 30% of which ($6.3 billion) will be allocated to housing affordability initiatives.

Budget 2023: The Red Green Show

March 28, 2023

The government is much deeper in the red—a cumulative $69 billion deeper—than its fall statement indicated, with no balanced budget in sight.

Fall Economic Statement 2022: Green but not quite lean

November 3, 2022

The FES at least focused much new spending on measures to encourage private investment.

Budget 2022: More spend today, grow tomorrow

April 8, 2022

As expected, updated economic developments led to a net $86 B improvement in the government’s bottom line over the forecast period, before the impact of new measures.

Budget 2022: Will Ottawa rise to Canada's growth challenge?

March 31, 2022

Finance Minister Freeland said Budget 2022 would be about boosting Canada’s long term economic growth. But her next fiscal blueprint...

Positive fall update a placeholder for Budget 2022

December 14, 2021

Positive economic and fiscal developments were enough to cover this new spending and reduce budget deficits throughout the government’s projections.

Pandemic to recovery: big spending continues with Budget 2021

April 19, 2021

With Budget 2021, the federal government is betting big that major spending will boost economic growth, with just over $100 billion in new spending over the next 3 years.

Budget 2021 Preview

April 13, 2021

RBC Economics shares what to expect in the 2021 federal budget. Recovery spending likely to be focused on child care, training and digital and green infrastructure.

Economic Statement Adds Red Ink, Leaves Details of Stimulus for Later

November 30, 2020

The Fall Economic Statement announced a higher 2020-21 deficit, about $382 billion. Deficits will be $121 billion in 2021-22 and $50 billion in 2022-23, before falling in future years.