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PBO trims economic forecast for 2026 and 2027 amid new U.S. tariffs
- The Parliamentary Budget Office lowered its economic growth forecast amid new U.S. tariffs and Canadian countermeasures.
- The office projects real gross domestic product growth of 0.9% this year and 1.5% in 2027, down from its June estimates.
- Trade talks between Canada and the United States broke down in late August before both countries imposed new tariffs.
- The PBO projects a $63.3 billion deficit in 2026–27, rising to $70.2 billion in 2027–28, with deficits averaging $3 billion higher annually through 2030–31.
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33 Articles
33 Articles
The Toronto Star+28 Reposted by 28 other sources
PBO trims economic forecast for 2026 and 2027 amid new U.S. tariffs
OTTAWA - The Parliamentary Budget Office is trimming its outlook for economic growth for this year and next amid new U.S. tariffs and Canadian countermeasures.
·Toronto, Canada
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Black clouds are accumulating above the Canadian economy as a result of the ongoing trade war between the Trump administration and Canada, says Parliamentary Budget Officer Annette Ryan, who is reducing growth projections for 2026 and 2027.
·Montreal, Canada
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PBO trims Canadian economic forecasts amid U.S. tariffs, countermeasures
The Parliamentary Budget Office is trimming its outlook for economic growth for this year and next amid new U.S. tariffs and Canadian countermeasures. The federal budget watchdog says it now projects real gross domestic product growth of 0.9 per cent for this year and 1.5 per cent in 2027. The…
Coverage Details
Total News Sources33
Leaning Left22Leaning Right0Center7Last UpdatedBias Distribution76% Left
Bias Distribution
- 76% of the sources lean Left
76% Left
L 76%
C 24%
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