20:44:46 EST Sun 08 Feb 2026
Enter Symbol
or Name
USA
CA



Bank of Nova Scotia
Symbol BNS
Shares Issued 1,242,460,299
Close 2025-10-07 C$ 89.61
Market Cap C$ 111,336,867,393
Recent Sedar+ Documents

Globe says BMO, rivals hear Canadians buying PM's brand

2025-10-08 09:22 ET - In the News

See In the News (C-BMO) Bank of Montreal

The Globe and Mail reports in its Wednesday, Oct. 8, edition that last year, the Trudeau government -- never known for its fiscal probity --projected a $48-billion deficit and took heat for it. The Globe's guest columnists Eugene Lang and Brigid Waddingham write that today, the Carney government seems poised to nearly double that figure, yet this is almost a non-issue. Prime Minister Mark Carney's economic chops and business-brand strength are letting him off a hook that would hang anyone else. A BMO Economics report in July said "it wouldn't be surprising to see the federal deficit jump toward $80-billion, or about 2.5 per cent of GDP." The C.D. Howe Institute expects a $92-billion fiscal shortfall, the largest in a decade and a half (outside the pandemic years). The Parliamentary Budget Officer has labelled federal finances unsustainable and foresees a $68-billion deficit. The economy is slowing, with growth projected just above 1 per cent, yet the PM has not garnered any flak. Why the PM is getting off easy remains a mystery for the guest columnists. Maybe it is because the PM has good credentials. They call the PM the Rolex of sound finance, the RollsRoyce of economic competence and the Prada of prudence.

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