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IMF Chief: Canada’s Strong Fiscal Health Amid Deficit Concerns

10/17/2025

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Summary

Story summary

Kristalina Georgieva, IMF Managing Director, says Canada is in a strong fiscal position among G7 nations despite the Liberal deficit plan.
Georgieva urges using fiscal space for productivity investments in housing, infrastructure, and energy.
The budget, to be presented on November 4, will reflect these priorities.
The Parliamentary Budget Officer warned of an unsustainable fiscal path.
Kevin Page, former Parliamentary Budget Officer, disagreed, saying Canada’s finances remain stable.

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Story summary

Kristalina Georgieva, IMF Managing Director, says Canada is in a strong fiscal position among G7 nations despite the Liberal deficit plan.
Georgieva urges using fiscal space for productivity investments in housing, infrastructure, and energy.
The budget, to be presented on November 4, will reflect these priorities.
The Parliamentary Budget Officer warned of an unsustainable fiscal path.
Kevin Page, former Parliamentary Budget Officer, disagreed, saying Canada’s finances remain stable.