Budget watchdog expects inflation to fall to 2% by end of year

The parliamentary budget officer is projecting inflation will return to the Bank of Canada's two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.

Budget watchdog expects inflation to fall to 2% by end of year
Parliamentary Budget Officer Yves Giroux adjusts his glasses as he waits to appear before the Senate Committee on National Finance, Tuesday, October 17, 2023 in Ottawa. Giroux is projecting inflation will return to the Bank of Canada's two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.

The parliamentary budget officer is projecting inflation will return to the Bank of Canada's two per cent target by the end of the year and the federal deficit will grow amid weakening economic conditions.