No one likes checking their credit score and seeing a hit to the rating - even the Canadian government. Credit rating agencies are bracing for the upcoming November 4th federal budget, and with a lack of fiscal updates since the last federal budget under the Trudeau government, economists aren't quite sure what they should expect when it comes to the deficit. So just how deep could the red ink run? And will the minority federal government receive the backing from any of the opposition parties to get it passed through the House? Host Mike Eppel speaks to Randall Bartlett, Deputy Chief Economist at Desjardins to discuss what former-banker-turned-Prime Minister, Mark Carney, has up his sleeve for the upcoming budget, and what he plans to do about a potentially ominously large deficit.
No one likes checking their credit score and seeing a hit to the rating - even the Canadian government.
Credit rating agencies are bracing for the upcoming November 4th federal budget, and with a lack of fiscal updates since the last federal budget under the Trudeau government, economists aren't quite sure what they should expect when it comes to the deficit.
So just how deep could the red ink run? And will the minority federal government receive the backing from any of the opposition parties to get it passed through the House?
Host Mike Eppel speaks to Randall Bartlett, Deputy Chief Economist at Desjardins to discuss what former-banker-turned-Prime Minister, Mark Carney, has up his sleeve for the upcoming budget, and what he plans to do about a potentially ominously large deficit.