Economists Urge Fiscal Restraint in Canadian Budget
Economists urge Canadian Prime Minister Mark Carney to show fiscal restraint in his upcoming budget. Despite oil revenue windfalls, spending commitments risk wider deficits.
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Canada economists are urging Prime Minister Mark Carney's government to curb spending in its upcoming budget, warning that new commitments risk widening deficits despite a windfall in oil revenue. The appeal arrives as the administration faces mounting pressure to attract investment while safeguarding the nation's AAA credit rating. Policymakers must demonstrate fiscal credibility to keep borrowing costs low amid cross-border trade friction and rising energy expenses.
