The focus this week: Wednesday, at 1:00 PM PST, when Finance Minister Bill Morneau tables the Federal Budget.
Speaking in an interview in Germany over the weekend from the G20 summit, a takeaway seemed to be a warning of fiscal prudence and responsibility.
This goes back to the Liberals’ post-election shift of keeping the debt-GDP ratio in line with no more than $10 billion in deficits.
According to Morneau, part of that is to do with lower economic growth, leading the government to sideline some spending pledges.
However, both private sector economists and the Bank of Canada have recently raised the outlooks for the Canadian economy.
Up for debate is whether the Liberals are lowballing economic growth, and if that is the case, it could keep them in a better fiscal position than they’re budgeting for.