Don Drummond, Stauffer-Dunning Fellow, argues in his latest op-ed that the actions in the federal government's Spring Economic Update indicate there is effectively a new fiscal guardrail: the deficit shall never be lower than in the November 2025 Budget because any revenue windfall will be spent.
Drummond and his co-authors argue that this "is not your typical guardrail. It keeps the fiscal situation on the cliff's edge, unable to get back to the safety of the road."
"Ottawa's fiscal guardrail is driving us toward the cliff," Financial Post.