A challenging fiscal picture

In anticipation of the federal government’s Fall Economic Statement, Robert Asselin outlines the importance of economic growth and reducing inflation to address a challenging fiscal landscape

 ”We have debt servicing costs that are much higher than they were just a few months ago, which means that every dollar the government spends servicing the debt, does less to fund anything else. So going into the update, this is a very challenging picture for the government.” 

“It looks like they want to frame this around housing, which is a distraction, I think, from the fiscal picture.” 

“I really do think that the best thing they could do in the short term is not add fuel to inflation,”