Deficits, debts, tariffs, trade, taxes, Trump .... Sorting through the fiscal picture for the country, while never easy, has become much more complicated in 2025.  Joining us for this episode are Cory Renner, Associate Director, Economic Forecasting and Richard Forbes, Principal Economist to talk to us about Canada’s fiscal outlook. Where government spending is and where it’s going. 

We discuss the pressure to meet our promises in areas like defence and infrastructure while recognizing the pressures that come with aging populations and growing debt loads.

About our guests:

Cory Renner

Cory Renner is the Associate Director of Economic Forecasting at The Conference Board of Canada. He oversees the forecast and modelling across the Conference Board’s economic products and assists in identifying and creating new economic products for CBoC’s clients. Cory, an experienced modeller, has worked on large-scale sub-national models and simulated a broad array of economic scenarios, ranging from global demand shocks to forecasting the economic impact of climate plans, and regularly contributes to podcasts, webinars and media engagements.

Cory has assumed progressively more senior roles at The Conference Board of Canada during his seven years with the organization. He has made significant contributions to custom projects, particularly in modelling, addressing a wide range of issues from healthcare to global trade and climate change. Prior to his tenure at the Conference Board, Cory worked at Oxford Economics, where he supervised their provincial model and managed many custom contracts in Canada. 

Richard Forbes

Richard Forbes is a Principal Economist, Economic Forecasting at The Conference Board of Canada. Richard Forbes has been an economist on the Conference Board's economic forecasting team since 2016. Richard currently oversees the Conference Board's National Outlook and is responsible for the Board’s government and fiscal forecasts across the national and provincial economies.

Richard holds a Bachelor of Arts Honours degree in economics from The University of Western Ontario, as well as a master's degree in economics from McMaster University.