๐—™๐—ฟ๐—ฒ๐˜€๐—ต ๐—˜๐˜†๐—ฒ๐˜€ ๐—ผ๐—ป ๐˜๐—ต๐—ฒ ๐—˜๐—ฐ๐—ผ๐—ป๐—ผ๐—บ๐˜†: ๐—š๐—ฟ๐—ผ๐˜„๐˜๐—ต, ๐—™๐—ถ๐˜€๐—ฐ๐—ฎ๐—น ๐—ฅ๐—ผ๐—ผ๐—บ ๐—ฎ๐—ป๐—ฑ ๐—•๐˜‚๐—ฑ๐—ด๐—ฒ๐˜ ๐Ÿฎ๐Ÿฌ๐Ÿฎ๐Ÿฒ

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What does Canadaโ€™s economic landscape look like heading into Budget 2026?

In Part 1 of IFSD's The Politics of Money pre-budget primer, Kevin Page, Sahir Khan and Mostafa Askari take a fresh look at an economy that has proven more resilient than expected, but remains under pressure from weak growth, trade uncertainty and rising borrowing costs.

โ€œ๐™๐™๐™š๐™ฎโ€™๐™ง๐™š ๐™–๐™จ๐™จ๐™ช๐™ข๐™ž๐™ฃ๐™œ ๐™ฌ๐™š ๐™˜๐™–๐™ฃ ๐™œ๐™š๐™ฉ ๐™œ๐™ง๐™ค๐™ฌ๐™ฉ๐™ ๐™ช๐™ฅ ๐™ฉ๐™ค 2%. ๐™’๐™๐™š๐™ง๐™š ๐™ž๐™จ ๐™ฉ๐™๐™–๐™ฉ ๐™˜๐™ค๐™ข๐™ž๐™ฃ๐™œ ๐™›๐™ง๐™ค๐™ข? ๐™„๐™ฃ๐™ซ๐™š๐™จ๐™ฉ๐™ข๐™š๐™ฃ๐™ฉ. ๐™’๐™š ๐™ฃ๐™š๐™š๐™™ ๐™ฉ๐™ค ๐™—๐™š ๐™–๐™—๐™ก๐™š ๐™ฉ๐™ค ๐™˜๐™ค๐™ฃ๐™ฃ๐™š๐™˜๐™ฉ ๐™ฉ๐™๐™š ๐™™๐™ค๐™ฉ๐™จ.โ€ โ€“ Kevin Page

They unpack the Bank of Canadaโ€™s latest rate increase; what rising 10-year bond yields in Canada and abroad really mean for everyday Canadians and governments; and how growing public- and private-sector borrowing can ultimately affect everything from government debt charges to mortgages and car loans.

โ€œ๐™‚๐™ค๐™ซ๐™š๐™ง๐™ฃ๐™ข๐™š๐™ฃ๐™ฉ๐™จ ๐™–๐™ง๐™š ๐™ฅ๐™–๐™ฎ๐™ž๐™ฃ๐™œ ๐™ข๐™ค๐™ง๐™š, ๐™—๐™ช๐™ฉ ๐™ฉ๐™๐™š๐™ฃ ๐™ฌ๐™š ๐™จ๐™ฉ๐™–๐™ง๐™ฉ ๐™ฉ๐™ค ๐™ฅ๐™–๐™ฎ ๐™ข๐™ค๐™ง๐™š.โ€ โ€“ Sahir Khan

IFSD's three Parliamentary Budget Office veterans dig into Canadaโ€™s fiscal room as public debt charges take up more of every dollar of government revenue. That means greater competition for government spending as pressures persist around health care, trade and affordability, while Canadaโ€™s defence commitments continue to grow.

And looming over the discussion is an even bigger question: 
How can Canada turn its investment ambition into shovels in the ground, jobs and economic growth? 

With growth forecasts depending on stronger business investment, what will governments need to do to get private capital off the sidelines and build investor confidence?

โ€œ๐™„ ๐™ฉ๐™๐™ž๐™ฃ๐™  ๐™ฉ๐™๐™š ๐™—๐™ž๐™œ๐™œ๐™š๐™จ๐™ฉ ๐™ง๐™ž๐™จ๐™  ๐™ฉ๐™ค ๐™ข๐™š ๐™ž๐™จ ๐™ฉ๐™๐™š ๐™ช๐™ฃ๐™˜๐™š๐™ง๐™ฉ๐™–๐™ž๐™ฃ๐™ฉ๐™ฎ ๐™ฉ๐™๐™–๐™ฉ ๐™ž๐™จ ๐™จ๐™ฉ๐™ค๐™ฅ๐™ฅ๐™ž๐™ฃ๐™œ ๐™ฅ๐™ง๐™ž๐™ซ๐™–๐™ฉ๐™š ๐™จ๐™š๐™˜๐™ฉ๐™ค๐™ง ๐™›๐™ง๐™ค๐™ข ๐™ž๐™ฃ๐™ซ๐™š๐™จ๐™ฉ๐™ž๐™ฃ๐™œ.โ€ โ€“ Mostafa Askari

To open the episode, we have a special one-on-one interview as Kevin Page sits down with University of Ottawa economics student Abigail Sampson. Abigail talks about the Policy Magazine articles she has co-authored with Kevin and brings a fresh, younger perspective on the economy, rising debt charges and the fiscal choices her generation may inherit.

โ€œ๐™๐™๐™š ๐™ฌ๐™–๐™ฉ๐™š๐™ง ๐™ž๐™จ ๐™ฌ๐™–๐™ง๐™ข, ๐™—๐™ช๐™ฉ ๐™ž๐™ฉโ€™๐™จ ๐™ฃ๐™ค๐™ฉ ๐™—๐™ค๐™ž๐™ก๐™ž๐™ฃ๐™œ ๐™ฎ๐™š๐™ฉ.โ€ โ€“ Abigail Sampson

Coming early next week: 
Part II of our pre-budget primer โ€” IFSD's โ€œsecret decoder ringโ€ for what to expect from Budget 2026 and how to understand what lies beneath the headline numbers.