OTTAWA The upcoming publication of an updated outlook on Canada’s economy and the federal government’s finances is set to take place on Thursday. This report will be released by the parliamentary budget officer, amid growing scrutiny and anticipation surrounding the forthcoming federal budget.
Jason Jacques, the interim parliamentary budget officer, is expected to deliver insights into the fiscal and economic outlook that will inform members of Parliament (MPs) and the public about the state of Canada’s financial health. His engagement with parliamentarians has stirred discussions, particularly due to his recent comments in a committee meeting where he expressed uncertainty about whether the federal government still maintains its fiscal anchors, which are crucial for guiding financial policies.
In response to Jacques’ comments, Prime Minister Mark Carney asserted that the government does possess metrics designed to guide its public finance decisions, thereby ensuring that these financial strategies are sustainable moving forward. This assurance is vital as the government prepares to reveal its spending plans and financial strategy in the context of the upcoming budget.
Finance Minister François-Philippe Champagne has hinted at a significant initiative, referred to as a “generational investment,” which is anticipated to be outlined in the Liberal government’s budget set for November 4. This investment is likely to play a critical role in shaping Canada’s economic landscape and addressing pressing financial needs.
At present, Jacques is serving in the capacity of the parliamentary budget officer on an interim basis. His role has attracted the attention of the federal Conservatives, who are advocating for his permanent appointment to this essential position. The push for Jacques’ permanent role exemplifies confidence in his approach to overseeing the nation’s fiscal policies during a time when clarity and accountability are vital.
This report, originally published on September 25, 2025, highlights the key discussions and developments taking place within Canada’s financial framework as the government approaches a pivotal budget announcement. With various stakeholders closely monitoring the situation, the outlook from the parliamentary budget officer will be crucial in evaluating the implications of the government’s economic strategies and investment plans.
As the anticipation builds for the federal budget, the interdependencies between fiscal policy, economic growth, and governmental metrics will undoubtedly be at the forefront of discussions among policymakers and analysts alike. The clarity provided in Thursday’s report could significantly influence the direction and perception of the Liberal government’s fiscal policies moving forward.
