Fiscal thoughts & world series ambitions

Canada is weeks away from receiving the federal budget, which is creating a lot of interest from market participants. In this episode, Ian and Ali spend time discussing why this budget will look different than those in prior years. The introduction of the new framework, coupled with expectations of fiscal stimulus, make this a key event for markets. The show begins with Ali discussing the reasons for the changes to the framework, while Ian discusses why markets are so hyper-focused on how the budget will be financed. The pair spend some time talking about whether the Bank can ease rates after the budget has been released, focusing on the impact to the economy from the elevated fiscal spend. The show concludes with Ian discussing why markets are reluctant to price-in more from the Bank, while Ali opines on what a Blue Jays World Series win will do the economy! Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.