Parliamentary Budget Officer

The COVID-19 pandemic will leave a lasting scar on the Canadian economy that could produce permanent deficits, the parliamentary budget officer says in a report estimating this year's shortfall at $328.5 billion.

A report that says the Trans Mountain pipeline system has earned net income of $29 million in the 19 months since it was purchased by Ottawa relies on faulty accounting, according to a vocal critic of the project.

A Liberal pledge to provide eight extra weeks of payments through the cornerstone benefit for people who've lost all or nearly all their work due to the COVID-19 pandemic is likely to cost the government $17.9 billion, the parliamentary budget officer says.

A special one-time payment to millions of seniors will arrive in early July, a delay the Liberals say is the result of ensuring there isn't any fraud in the pandemic-related top-up.

Nearly 5.4 million Canadians are receiving emergency federal aid, with hundreds of thousands more claims waiting to be processed, the federal government said on Monday, April 13, 2020, providing another snapshot of the economic fallout from COVID-19.

Prime Minister Justin Trudeau and his ministers are expected today, April 2, 2020, to amplify their message that Canadians have a duty to stay home, even as the massive cost of compensating them for doing so becomes clearer.

The rail and port disruptions dented the GDP by a diminutive 0.01 per cent, the federal government's budget watchdog said Friday.

The federal Liberals could add billions in spending and keep federal finances sustainable over the long run, Parliament's budget watchdog says in a report that begins to set the stage for Finance Minister Bill Morneau's upcoming budget plan.

A new analysis by Parliament's budget watchdog has found that most households in provinces where the federal carbon tax applies will receive more money back in rebates than they will pay through the scheme — just not as much as projected last year.

Canada will be up a creek without a paddle if it doesn't acknowledge threats to its fresh water, says a report from some of the country's top water scientists.

Conservative Leader Andrew Scheer did not take part in Friday's, September 27, 2019, massive climate-change marches as Liberal Leader Justin Trudeau waded in deep, accepting the criticism of teenaged climate-change activist Greta Thunberg along the way.

Barbara Gard calls her three-hectare property, nestled below the forested peak of Sumas Mountain, a "miniature Stanley Park." Its lush trees and flowing creek reminded her of Vancouver's majestic park, and she immediately knew she wanted to call it home.

Canada's cities want all the federal parties to promise to pour billions more into the national government's decade-long housing strategy to make sure that seniors, urban Indigenous people and low-income renters aren't left behind by the tens of billions in already pledged spending.

Parliament's spending watchdog is putting new numbers to the cost of matching recent U.S. business-tax changes, pegging the price to the federal treasury at more than double government estimates.

Canada's parliamentary watchdog has made some changes to its recent report on the Trans Mountain pipeline and expansion project, rejecting previous criticism of its research by Finance Minister Bill Morneau.