Category : Search result: fiscal year 2025


Canada's big banks increase bonus pools by 15%

Canada's largest lenders set aside 15% more for bonuses in fiscal 2025, driven by busy capital markets and trading. Discover which banks led the increase and the factors behind the surge.

PBO: MPs Should Approve Fiscal Target Changes

Canada's fiscal watchdog says Ottawa should seek House of Commons approval to alter key fiscal targets, like the recently abandoned debt-to-GDP anchor. Read the latest on federal spending.

Edmonton grapples with $52-million budget hole

Edmonton confronts a $52.3 million structural budget deficit, threatening its financial reserves and city services. Officials warn of potential service cuts and fee increases.

Girard: Budget Depends on U.S. Trade Deal

Quebec Finance Minister Eric Girard warns that ending free trade with the U.S. would jeopardize fiscal balance. Learn how this impacts Canada's economic stability.

Carney's $78.3B Deficit: A Historic Shift

Prime Minister Mark Carney's first budget projects a $78.3-billion deficit, nearly double what the Trudeau government had planned. Discover the historical context and future implications for Canada.

PBO: Low Chance Carney Govt Hits Fiscal Targets

Canada's budget watchdog reports a mere 7.5% probability the Carney government will achieve its key fiscal anchors, including reducing the deficit-to-GDP ratio. Read the analysis.

Interim PBO Jason Jacques seeks permanent position

Interim Parliamentary Budget Officer Jason Jacques confirms he will apply for the permanent role, bringing continuity to Canada's fiscal oversight. Learn about his qualifications and vision.

Carney Signals Major Fiscal Policy Shift in Budget

Bank of Canada Governor Mark Carney announces a significant departure from traditional fiscal management, emphasizing strategic investment over austerity measures in the latest budget framework.

Ontario short thousands of long-term care beds

New data from Ontario's fiscal update shows the province remains thousands of beds short of its long-term care commitment, raising concerns about healthcare capacity and senior care quality.

Ottawa's Fiscal Crossroads: Deep Cuts Proposed

As Ottawa faces unprecedented budget pressures, city officials propose controversial spending reductions that could transform public services and community programs across the capital region.

Ontario's Debt Crisis: Ford's Fiscal Test Ahead

As Ontario's debt balloon approaches $500 billion, pressure mounts on the Ford government to deliver fiscal responsibility in the upcoming fall economic statement. Experts warn of serious consequences without immediate action.

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