PBO reports on Canada’s 2030 emissions gap - Parliamentary Budget Officer

EconomicsPublished: October 20, 2026 at 10:07a.m. EDTBNN Bloomberg is Canada’s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. 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. 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 forecast is down from an estimate in June for growth of 1.1 per cent and 1.6 per cent, respectively. Latest economic news on BNNBloomberg.caTrade talks between Canada and the U. S. broke down at the end of August followed by a new round of U. S. tariffs and Canadian counter-tariffs. The PBO says it also now projects a budgetary deficit of $63.3 billion for the 2026-27 fiscal year which will peak at $70.2 billion in 2027-28. It says, relative to its June outlook, the deficits are $3 billion higher per year on average over 2026‑27 to 2030‑31, as new spending measures more than offset stronger revenues. ---This report by The Canadian Press was first published Oct. 20, 2026.

Ottawa·Ottawa Votes 2026Quorus survey puts Mark Sutcliffe and Jeff Leiper well ahead of other candidates in survey published one week before election day. Incumbent and 3-term councillor well ahead of the pack in Quorus survey published week before electionListen to this articleEstimated 4 minutesThe audio version of this article is generated by AI-based technology. Mispronunciations can occur. We are working with our partners to continually review and improve the results. A Quorus Consulting Group poll puts Mark Sutcliffe, left, ahead of Jeff Leiper, right, in a survey of more than 800 Ottawa residents that was completed last week. (Arthur White-Crummey/CBC)With less than a week to go until election day, a new opinion survey has incumbent Mark Sutcliffe with a single-digit lead over three-term city councillor Jeff Leiper in the race for mayor, with the rest of the field far behind. The Quorus Consulting Group survey released Monday evening put Sutcliffe at 28 per cent among all respondents. Leiper was at 24 per cent, followed by Neil Saravanamuttoo at seven per cent and Alex Lawson at four per cent.

Former Canadian Deputy Prime Minister Chrystia Freeland has a warning for Americans: Trump’s attempts to push Canada around are hurting the United States, and driving a longtime ally to look elsewhere. Speaking with The New York Times’ Ezra Klein in a podcast published Tuesday, Freeland described a relationship transformed by tariffs and threats to Canadian sovereignty. A country Canadians once regarded as a trusted ally is increasingly seen as a threat. Trump wanted Canada to become the 51st state. Instead, his pressure campaign is encouraging Canadians to strengthen ties with Europe and China and reduce their dependence on the United States. Drawing on her experience negotiating with Trump during his first term, Freeland offered a straightforward rule for dealing with him: “We do not escalate, and we do not back down.”What doesn’t work, she argued, is excessive flattery from leaders who believe they can manipulate Trump by appealing to his ego. “Well, I’ll just sort of butter him up. I will outrageously flatter him, and maybe I’ll agree to some things he wants, but it will just be on paper.

How did this deadly Alberta fire spread so fast? October 19|Duration 2:08A grass fire at CFB Wainwright in Alberta reportedly travelled one kilometre in just 36 seconds. A powerful cold front swept across the region that afternoon, bringing a dramatic drop in temperature, strengthening winds and a sudden shift in wind direction. A dangerous combination of weather conditions was at play Saturday afternoon when a deadly fire engulfed a training exercise at CFB Wainwright in east-central Alberta, killing four soldiers and severely injuring dozens more, weather and wildfire experts say. That morning, Environment Canada had issued yellow alerts for much of southern and eastern Alberta because of strong winds forecast to reach up to 100 km/h and an incoming cold front that could cause abrupt changes in wind direction. Before the cold front reached the area, the temperature in Wainwright climbed to nearly 20 C under sunny skies. "Conditions were extreme," said Mike Flannigan, a professor of wildland fires at Thompson Rivers University in Kamloops, B. C., who runs the Canada fire weather outlook. "Things were dry.

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