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44m ago

PBO Warns Canada’s Debt Ratio Will Rise as Bank of Canada Turns to Easing

The warning underscores rising fiscal risk in a lower‑rate environment.

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All his products are Canadian including the lobsters he’ll be serving up at Patent 5 Distillery at 108-Alexander when he gets back from Ireland.

Overview

  • Canada’s Parliamentary Budget Officer said the debt-to-GDP ratio is projected to increase for the first time in about 30 years.
  • The Bank of Canada cut its policy rate to 2.5% this month, its first reduction since March, with a summary of deliberations due Wednesday.
  • Hudson’s Bay is expected to ask an Ontario court Monday to permit an auction of its 1670 royal charter, requiring a minimum $15 million bid and a pledge to donate the document to a public institution.
  • The Toronto Blue Jays beat the Tampa Bay Rays 5-1 on Saturday to cut their magic number to one; a win Sunday or a Yankees loss would clinch the AL East and a first-round bye.
  • On Inside Politics, guests sharply criticized Prime Minister Mark Carney’s recognition of Palestine, arguing it rewarded Hamas and strained Canada’s relationships with allies.