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Can Canada wait out the trade war with the US?
Canada's Prime Minister Mark Carney appears in no rush to resume trade talks with the US. He dismissed a question over the weekend about when he last spoke to US President Donald Trump, responding: "Who cares? It's a detail. I'll speak to him again when it matters." Carney added that, in his view, there is no "burning issue" to raise with his US counterpart. The prime minister has faced criticism for his apparent lack of urgency, which raises the question about whether Canada is shifting its approach to trade talks with the US. 'Great deal of posturing' Still, Carney is considering travelling to Washington next week ... (full story)
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Economic and fiscal outlook This Economic and fiscal outlook (EFO) sets out our central forecast and the uncertainties that surround it for the five years to 2030-31, taking account of recent data and government policies announced since our last forecast and up to and including the November 2025 Autumn Budget. The forecasts presented in this document represent our collective view as the three independent members of the OBR’s Budget Responsibility Committee (BRC). We take full responsibility for the judgements that underpin them and for the conclusions we have reached. As always, we have been greatly supported in our work by the staff of the OBR. We are very grateful for their hard work and expertise. We have also drawn on the work and expertise of officials across government in preparing these forecasts. We are grateful for their engagement and insight. During the production of this forecast we learned that a respected former colleague, Pavandeep Dhami, sadly passed away. Pav worked at the O
