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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

The absence of a federal budget – while Quebec must comply with a balanced budget law – underscores the importance of returning to fiscal consistency (Policy Option)

IMAGE CREDIT: RBC 

The federal government elected at the end of April 2025 decided not to table a budget this spring. Even in uncertain times, presenting a budget should not be optional. At the very least, an economic update in June would have provided a snapshot of public finances and the financial impact of recent decisions. Instead, we’ll have to wait until fall for a full picture of the federal books.

In the meantime, we’re left with numbers from the December 2024 economic statement. But a lot has changed since then: revenues are falling, spending is climbing, and the deficit is almost certainly worse than what the Liberal Party of Canada (LPC) projected in its campaign platform ...

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