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  • Federal Budgets

    April 19, 2021 | 17:57

    Spending to Immunity and Beyond

    profile photo of Douglas Porter

    Douglas Porter , CFA

    Chief Economist and Managing Director
    Economics

    Douglas Porter has over 30 years of experience analyzing global economies and financial markets. As Chief Econom... (Read more)

    profile photo of Robert Kavcic

    Robert Kavcic

    Senior Economist and Director
    Economics

    Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing regional economic, fiscal... (Read more)

    profile photo of Benjamin Reitzes

    Benjamin Reitzes

    Director, Canadian Rates & Macro Strategist
    Fixed Income Strategy

    Benjamin has been with the Bank of Montreal for over a decade. He is responsible for the Canadian macro-economic... (Read more)

    profile photo of Douglas Porter

    Douglas Porter , CFA

    Chief Economist and Managing Director
    Economics

    Douglas Porter has over 30 years of experience analyzing global economies and financial markets. As Chief Econom... (Read more)

    profile photo of Robert Kavcic

    Robert Kavcic

    Senior Economist and Director
    Economics

    Robert has been with the Bank of Montreal since 2006. He plays a key role in analyzing regional economic, fiscal... (Read more)

    profile photo of Benjamin Reitzes

    Benjamin Reitzes

    Director, Canadian Rates & Macro Strategist
    Fixed Income Strategy

    Benjamin has been with the Bank of Montreal for over a decade. He is responsible for the Canadian macro-economic... (Read more)

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    Key Summary
    • Budget deficit to drop to $154.7 billion in FY21/22 from the record $354.2 billion last year
    • Debt/GDP to peak this year at 51.2%; expected to dip below 50% in four years
    • Plan to spend an additional $101 billion over three years
    • Early Learning and Child Care Plan is the major new measure
    • Economic assumptions broadly in line with our forecasts
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