PBO

Yves Giroux says today's report still finds the vast majority of households get back more in rebates than they pay through the carbon price — but once broader economic effects are factored in, those gains are wiped out for most, except for some lower-income earners.

It is already more cost effective over the long term to buy an electric vehicle than a gas-powered model, but the savings must get substantially higher if Canada is to meet its EV sales targets, the parliamentary budget office concluded in a new analysis.

Parliamentary budget officer Yves Giroux is accusing the federal government of hiding its own economic analysis that confirms carbon pricing has a negative overall effect on Canadian households.

In the months before the federal budget was released, scores of meetings were recorded between fossil fuel industry representatives and the federal government. With a key ask from climate advocates ignored, who is Finance Canada listening to?

The parliamentary budget officer is projecting inflation will return to the Bank of Canada's two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.

The parliamentary budget officer says it will take the federal government until 2043 to break even on its EV battery deals with two automotive giants.

The effects of climate change bit a $20-billion sized hole out of Canada's economy last year, parliamentary budget officer Yves Giroux said Tuesday.

In his latest economic and fiscal outlook, budget watchdog Yves Giroux says he expects the Bank of Canada to raise its key interest rate to four per cent by the end of the year, a move which is in line with financial markets' expectations. 

The parliamentary budget officer says Canada's current fiscal policy is sustainable over the long term.

Secret reports the federal government is relying on to argue the Trans Mountain pipeline expansion is commercially viable are based on the unrealistic assumption the pipeline will operate for 100 years, Canada’s financial watchdog told Canada’s National Observer.

The clock is ticking for the government to deliver on its ambitious promise to the New Democrats to deliver a dental care program for low- and middle-income uninsured kids by the end of the year, while cost estimates have nearly doubled.

The parliamentary budget officer says the federal government would need to spend an additional $75.3 billion on defence over the next five years for Canada to reach NATO’s target of two per cent of GDP.

Canada’s financial watchdog says the federal government is “very unlikely” to recoup its $4.5-billion investment in the Trans Mountain pipeline now that the project’s costs have soared by 70 per cent.

The federal government could make about $177 million over 10 years from a support deal it reached with Air Canada, the parliamentary budget officer said in a report on Thursday, August 12, 2021.

A majority of Canadians believe wealth inequality should be tackled by increasing taxes on the wealthy and large corporations and even said it could influence their vote, according to a new poll.